LYTS vs VXX: Correlation
LSI Industries Inc. (LYTS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYTS and VXX?
Over the past 3 years, LYTS and VXX moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -874.2 %².
Among the 12 assets we track against LYTS, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: LYTS led by 39.7 percentage points, -10.0% for LYTS against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
LYTS vs VXX: side by side
| LYTS (LSI Industries Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -10.0% | -49.7% |
| 5-year return | +167.4% | -95.6% |
| Volatility (ann.) | 38.6% | 60.9% |
| Beta vs S&P 500 | 1.13 | -3.31 |
| Max drawdown (3Y) | -40.6% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYTS | VXX |
|---|---|---|
| 2022 | +82.9% | -23.8% |
| 2023 | +16.8% | -72.5% |
| 2024 | +39.7% | -26.2% |
| 2025 | -4.7% | -42.2% |
| 2026 | +10.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYTS and VXX good diversifiers for each other?
Yes. With a correlation of -0.37, LYTS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LYTS and VXX?
The LYTS/VXX correlation stands at -0.37 on a 3-year window (1 year: -0.34, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LYTS?
Yes. With a correlation of -0.37, LYTS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyts-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyts-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYTS correlations · VXX correlations
