UFPT vs VXX: Correlation
How closely do UFP Technologies, Inc. (UFPT) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UFPT and VXX?
Across a 3-year window, the weekly returns of UFPT and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.14) than the 3-year average (-0.29). Stretching to 5 years gives -0.32, with an annualized covariance of -914.7 %².
Out of 10 assets tracked against UFPT, VXX lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with UFPT ahead by 89.5 points (+39.8% 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.
UFPT vs VXX: side by side
| UFPT (UFP Technologies, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.8% | -49.7% |
| 5-year return | +340.3% | -95.6% |
| Volatility (ann.) | 51.7% | 60.9% |
| Beta vs S&P 500 | 1.34 | -3.31 |
| Max drawdown (3Y) | -48.3% | -83.3% |
| Market cap | $2.3B | – |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UFPT | VXX |
|---|---|---|
| 2022 | +67.8% | -23.8% |
| 2023 | +45.9% | -72.5% |
| 2024 | +42.1% | -26.2% |
| 2025 | -9.2% | -42.2% |
| 2026 | +35.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UFPT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between UFPT and VXX?
The UFPT/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.14, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for UFPT?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/ufpt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ufpt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UFPT correlations · VXX correlations
