UIS vs VXX: Correlation
Measured on weekly returns over the past three years, Unisys Corporation New (UIS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UIS and VXX?
Across a 3-year window, the weekly returns of UIS and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Stretching to 5 years gives -0.31, with an annualized covariance of -1569.5 %².
Among the 13 assets we track against UIS, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: UIS led by 18.9 percentage points, -30.8% for UIS 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.
UIS vs VXX: side by side
| UIS (Unisys Corporation New) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -30.8% | -49.7% |
| 5-year return | -88.7% | -95.6% |
| Volatility (ann.) | 80.0% | 60.9% |
| Beta vs S&P 500 | 2.01 | -3.31 |
| Max drawdown (3Y) | -77.6% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UIS | VXX |
|---|---|---|
| 2022 | -75.2% | -23.8% |
| 2023 | +10.0% | -72.5% |
| 2024 | +12.6% | -26.2% |
| 2025 | -56.4% | -42.2% |
| 2026 | -1.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UIS and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, UIS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UIS and VXX?
As of 2026-08-27, the correlation of weekly returns between UIS and VXX is -0.32 over 3 years, -0.35 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for UIS?
Yes. With a correlation of -0.32, UIS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/uis-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uis-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UIS correlations · VXX correlations
