ROK vs VXX: Correlation
Measured on weekly returns over the past three years, Rockwell Automation (ROK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.52, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROK and VXX?
Over the past 3 years, ROK and VXX moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.53) sits close to the 3-year figure. Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -885.2 %².
VXX is close to the least connected end of ROK's tracked universe, ranking #37 of 37. Their recent paths diverged sharply: over the last 12 months ROK outperformed by 75.4 percentage points (+25.7% for ROK against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.2 times the volatility of the other side.
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.
ROK vs VXX: side by side
| ROK (Rockwell Automation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.7% | -49.7% |
| 5-year return | +44.9% | -95.6% |
| Volatility (ann.) | 27.9% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -29.0% | -83.3% |
| Market cap | $48.2B | – |
| P/E (trailing) | 40.6 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ROK | VXX |
|---|---|---|
| 2022 | -24.8% | -23.8% |
| 2023 | +22.6% | -72.5% |
| 2024 | -6.2% | -26.2% |
| 2025 | +38.4% | -42.2% |
| 2026 | +12.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROK and VXX good diversifiers for each other?
Yes. With a correlation of -0.52, ROK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ROK and VXX?
As of 2026-08-27, the correlation of weekly returns between ROK and VXX is -0.52 over 3 years, -0.53 over 1 year and -0.47 over 5 years.
Is VXX a good diversifier for ROK?
Yes. With a correlation of -0.52, ROK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/rok-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rok-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROK correlations · VXX correlations
