UFPI vs VXX: Correlation
UFP Industries, Inc. (UFPI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UFPI and VXX?
Over the past 3 years, UFPI and VXX moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.36). Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -652.1 %².
Among the 38 assets we track against UFPI, VXX sits near the bottom by co-movement, at rank #37. Correlation aside, the last 12 months split them widely, with UFPI ahead by 33.6 points (-16.1% versus -49.7%). One caveat on sizing: VXX is 2.1 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.
UFPI vs VXX: side by side
| UFPI (UFP Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -16.1% | -49.7% |
| 5-year return | +16.0% | -95.6% |
| Volatility (ann.) | 29.4% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -41.9% | -83.3% |
| Market cap | $4.7B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 1.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UFPI | VXX |
|---|---|---|
| 2022 | -12.9% | -23.8% |
| 2023 | +60.3% | -72.5% |
| 2024 | -9.3% | -26.2% |
| 2025 | -18.0% | -42.2% |
| 2026 | -5.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UFPI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between UFPI and VXX?
As of 2026-08-27, the correlation of weekly returns between UFPI and VXX is -0.36 over 3 years, -0.15 over 1 year and -0.38 over 5 years.
Is VXX a good diversifier for UFPI?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
A reading of -0.36 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/ufpi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ufpi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UFPI correlations · VXX correlations
