NXPI vs VXX: Correlation
NXP Semiconductors (NXPI) 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 -0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and VXX?
Across a 3-year window, the weekly returns of NXPI and VXX correlate at -0.48, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. Stretching to 5 years gives -0.47, with an annualized covariance of -1165.4 %².
Out of 35 assets tracked against NXPI, VXX lands near the bottom at #35. Their recent paths diverged sharply: over the last 12 months NXPI outperformed by 46.4 percentage points (-3.3% for NXPI against -49.7% for VXX). One caveat on sizing: VXX is 1.5 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.
NXPI vs VXX: side by side
| NXPI (NXP Semiconductors) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.3% | -49.7% |
| 5-year return | +8.6% | -95.6% |
| Volatility (ann.) | 39.9% | 60.9% |
| Beta vs S&P 500 | 1.53 | -3.31 |
| Max drawdown (3Y) | -46.5% | -83.3% |
| Market cap | $57.0B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | NXPI | VXX |
|---|---|---|
| 2022 | -29.2% | -23.8% |
| 2023 | +48.4% | -72.5% |
| 2024 | -8.0% | -26.2% |
| 2025 | +6.4% | -42.2% |
| 2026 | +4.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPI and VXX good diversifiers for each other?
Yes. With a correlation of -0.48, NXPI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NXPI and VXX?
The NXPI/VXX correlation stands at -0.48 on a 3-year window (1 year: -0.38, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for NXPI?
Yes. With a correlation of -0.48, NXPI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 mean?
On the −1 to +1 scale, -0.48 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/nxpi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxpi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXPI correlations · VXX correlations
