UI vs VXX: Correlation
Measured on weekly returns over the past three years, Ubiquiti Inc. (UI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UI and VXX?
Over the past 3 years, UI and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -941.3 %².
VXX is close to the least connected end of UI's tracked universe, ranking #12 of 13. Their recent paths diverged sharply: over the last 12 months UI outperformed by 63.4 percentage points (+13.7% for UI 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.
UI vs VXX: side by side
| UI (Ubiquiti Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.7% | -49.7% |
| 5-year return | +84.4% | -95.6% |
| Volatility (ann.) | 53.4% | 60.9% |
| Beta vs S&P 500 | 1.36 | -3.31 |
| Max drawdown (3Y) | -51.7% | -83.3% |
| Market cap | $35.9B | – |
| P/E (trailing) | 37.6 | – |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UI | VXX |
|---|---|---|
| 2022 | -10.0% | -23.8% |
| 2023 | -48.2% | -72.5% |
| 2024 | +141.2% | -26.2% |
| 2025 | +67.7% | -42.2% |
| 2026 | +7.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UI and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between UI and VXX?
As of 2026-08-27, the correlation of weekly returns between UI and VXX is -0.29 over 3 years, -0.22 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for UI?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/ui-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ui-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UI correlations · VXX correlations
