ULH vs VXX: Correlation
Universal Logistics Holdings, Inc. (ULH) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ULH and VXX?
Over the past 3 years, ULH and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.32 over 3 years. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1315.3 %².
VXX is close to the least connected end of ULH's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with ULH ahead by 23.7 points (-26.0% 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.
ULH vs VXX: side by side
| ULH (Universal Logistics Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -26.0% | -49.7% |
| 5-year return | -5.6% | -95.6% |
| Volatility (ann.) | 68.3% | 60.9% |
| Beta vs S&P 500 | 1.46 | -3.31 |
| Max drawdown (3Y) | -76.1% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ULH | VXX |
|---|---|---|
| 2022 | +79.9% | -23.8% |
| 2023 | -14.9% | -72.5% |
| 2024 | +65.6% | -26.2% |
| 2025 | -66.3% | -42.2% |
| 2026 | +26.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ULH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ULH and VXX?
The ULH/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.10, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ULH?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
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/ulh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ulh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ULH correlations · VXX correlations
