VIAV vs VXX: Correlation
Viavi Solutions Inc. (VIAV) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VIAV and VXX?
On 3 years of weekly data the VIAV/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.31). The 5-year figure is -0.29, and annualized covariance runs at -883.8 %².
VXX is close to the least connected end of VIAV's tracked universe, ranking #11 of 11. The last year tells two different stories: VIAV led by 294.9 percentage points, +245.2% for VIAV 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.
VIAV vs VXX: side by side
| VIAV (Viavi Solutions Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +245.2% | -49.7% |
| 5-year return | +132.5% | -95.6% |
| Volatility (ann.) | 47.3% | 60.9% |
| Beta vs S&P 500 | 1.14 | -3.31 |
| Max drawdown (3Y) | -41.7% | -83.3% |
| Market cap | $9.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VIAV | VXX |
|---|---|---|
| 2022 | -40.4% | -23.8% |
| 2023 | -4.2% | -72.5% |
| 2024 | +0.3% | -26.2% |
| 2025 | +76.4% | -42.2% |
| 2026 | +115.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VIAV and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between VIAV and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.11 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for VIAV?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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/viav-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/viav-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VIAV correlations · VXX correlations
