UCTT vs VXX: Correlation
How closely do Ultra Clean Holdings, Inc. (UCTT) 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 -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UCTT and VXX?
Across a 3-year window, the weekly returns of UCTT and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.33) than the 3-year average (-0.46). Stretching to 5 years gives -0.44, with an annualized covariance of -1745.8 %².
Among the 20 assets we track against UCTT, VXX sits near the bottom by co-movement, at rank #20. Their recent paths diverged sharply: over the last 12 months UCTT outperformed by 261.3 percentage points (+211.6% for UCTT 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.
UCTT vs VXX: side by side
| UCTT (Ultra Clean Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +211.6% | -49.7% |
| 5-year return | +57.9% | -95.6% |
| Volatility (ann.) | 62.8% | 60.9% |
| Beta vs S&P 500 | 2.28 | -3.31 |
| Max drawdown (3Y) | -68.2% | -83.3% |
| Market cap | $3.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UCTT | VXX |
|---|---|---|
| 2022 | -42.2% | -23.8% |
| 2023 | +3.0% | -72.5% |
| 2024 | +5.3% | -26.2% |
| 2025 | -29.5% | -42.2% |
| 2026 | +195.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UCTT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between UCTT and VXX?
The UCTT/VXX correlation stands at -0.46 on a 3-year window (1 year: -0.33, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for UCTT?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
A reading of -0.46 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/uctt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uctt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UCTT correlations · VXX correlations
