POWL vs VXX: Correlation
How closely do Powell Industries, Inc. (POWL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are POWL and VXX?
On 3 years of weekly data the POWL/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.27 over 3. The 5-year figure is -0.25, and annualized covariance runs at -1194.2 %².
VXX is close to the least connected end of POWL's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with POWL ahead by 160.7 points (+111.0% versus -49.7%).
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.
POWL vs VXX: side by side
| POWL (Powell Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +111.0% | -49.7% |
| 5-year return | +2360.3% | -95.6% |
| Volatility (ann.) | 71.5% | 60.9% |
| Beta vs S&P 500 | 1.95 | -3.31 |
| Max drawdown (3Y) | -55.8% | -83.3% |
| Market cap | $7.0B | – |
| P/E (trailing) | 36.8 | – |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | POWL | VXX |
|---|---|---|
| 2022 | +24.3% | -23.8% |
| 2023 | +155.6% | -72.5% |
| 2024 | +152.2% | -26.2% |
| 2025 | +44.5% | -42.2% |
| 2026 | +81.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are POWL and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, POWL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between POWL and VXX?
As of 2026-08-27, the correlation of weekly returns between POWL and VXX is -0.27 over 3 years, -0.26 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for POWL?
Yes. With a correlation of -0.27, POWL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/powl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/powl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: POWL correlations · VXX correlations
