PLPC vs VXX: Correlation
Preformed Line Products Company (PLPC) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLPC and VXX?
On 3 years of weekly data the PLPC/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.25 over 3. The 5-year figure is -0.25, and annualized covariance runs at -632.9 %².
Among the 10 assets we track against PLPC, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: PLPC led by 171.1 percentage points, +121.4% for PLPC against -49.7% for VXX.
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.
PLPC vs VXX: side by side
| PLPC (Preformed Line Products Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +121.4% | -49.7% |
| 5-year return | +514.6% | -95.6% |
| Volatility (ann.) | 42.3% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -38.5% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | 46.4 | – |
| Dividend yield | 0.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLPC | VXX |
|---|---|---|
| 2022 | +29.9% | -23.8% |
| 2023 | +61.8% | -72.5% |
| 2024 | -3.9% | -26.2% |
| 2025 | +62.6% | -42.2% |
| 2026 | +104.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLPC and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, PLPC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PLPC and VXX?
The PLPC/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.26, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PLPC?
Yes. With a correlation of -0.25, PLPC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/plpc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plpc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLPC correlations · VXX correlations
