MSI vs VXX: Correlation
Motorola Solutions (MSI) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSI and VXX?
On 3 years of weekly data the MSI/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.34 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -457.8 %².
Among the 32 assets we track against MSI, VXX sits near the bottom by co-movement, at rank #31. Correlation aside, the last 12 months split them widely, with MSI ahead by 55.6 points (+5.9% versus -49.7%). One caveat on sizing: VXX is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MSI vs VXX: side by side
| MSI (Motorola Solutions) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.9% | -49.7% |
| 5-year return | +111.1% | -95.6% |
| Volatility (ann.) | 22.1% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -27.0% | -83.3% |
| Market cap | $80.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.97% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MSI | VXX |
|---|---|---|
| 2022 | -3.8% | -23.8% |
| 2023 | +23.0% | -72.5% |
| 2024 | +49.1% | -26.2% |
| 2025 | -16.2% | -42.2% |
| 2026 | +27.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between MSI and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.16 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for MSI?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/msi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MSI correlations · VXX correlations
