ROP vs VXX: Correlation
Measured on weekly returns over the past three years, Roper Technologies (ROP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROP and VXX?
Across a 3-year window, the weekly returns of ROP and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.31). Stretching to 5 years gives -0.34, with an annualized covariance of -384.3 %².
Out of 47 assets tracked against ROP, VXX lands near the bottom at #46. Their recent paths diverged sharply: over the last 12 months ROP outperformed by 30.4 percentage points (-19.3% for ROP against -49.7% for VXX). Risk is not evenly split, since VXX carries 3.0 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.
ROP vs VXX: side by side
| ROP (Roper Technologies) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.3% | -49.7% |
| 5-year return | -9.6% | -95.6% |
| Volatility (ann.) | 20.5% | 60.9% |
| Beta vs S&P 500 | 0.55 | -3.31 |
| Max drawdown (3Y) | -46.5% | -83.3% |
| Market cap | $41.8B | – |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ROP | VXX |
|---|---|---|
| 2022 | -11.6% | -23.8% |
| 2023 | +26.9% | -72.5% |
| 2024 | -4.1% | -26.2% |
| 2025 | -13.8% | -42.2% |
| 2026 | -4.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROP and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ROP and VXX?
The ROP/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.07, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ROP?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rop-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rop-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROP correlations · VXX correlations
