PLXS vs VXX: Correlation
Measured on weekly returns over the past three years, Plexus Corp. (PLXS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLXS and VXX?
On 3 years of weekly data the PLXS/VXX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.20) runs above the 3-year figure (-0.40). The 5-year figure is -0.38, and annualized covariance runs at -816.4 %².
Among the 13 assets we track against PLXS, VXX sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months PLXS outperformed by 126.8 percentage points (+77.1% for PLXS against -49.7% for VXX). One caveat on sizing: VXX is 1.8 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.
PLXS vs VXX: side by side
| PLXS (Plexus Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +77.1% | -49.7% |
| 5-year return | +165.9% | -95.6% |
| Volatility (ann.) | 33.3% | 60.9% |
| Beta vs S&P 500 | 1.03 | -3.31 |
| Max drawdown (3Y) | -34.9% | -83.3% |
| Market cap | $6.5B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLXS | VXX |
|---|---|---|
| 2022 | +7.3% | -23.8% |
| 2023 | +5.1% | -72.5% |
| 2024 | +44.7% | -26.2% |
| 2025 | -6.1% | -42.2% |
| 2026 | +67.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLXS and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PLXS and VXX?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.20 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for PLXS?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/plxs-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plxs-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLXS correlations · VXX correlations
