VLTO vs VXX: Correlation
Measured on weekly returns over the past three years, Veralto (VLTO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VLTO and VXX?
Across a 3-year window, the weekly returns of VLTO and VXX correlate at -0.40, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.28) runs above the 3-year figure (-0.40). Stretching to 5 years gives n/a, with an annualized covariance of -520.0 %².
Among the 37 assets we track against VLTO, VXX sits near the bottom by co-movement, at rank #36. The last year tells two different stories: VLTO led by 41.8 percentage points, -7.9% for VLTO against -49.7% for VXX. One caveat on sizing: VXX is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
VLTO vs VXX: side by side
| VLTO (Veralto) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.9% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 21.2% | 60.9% |
| Beta vs S&P 500 | 0.66 | -3.31 |
| Max drawdown (3Y) | -27.1% | -83.3% |
| Market cap | $24.0B | – |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 0.51% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | VLTO | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +24.3% | -26.2% |
| 2025 | -1.6% | -42.2% |
| 2026 | -1.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VLTO and VXX good diversifiers for each other?
Yes. With a correlation of -0.40, VLTO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VLTO and VXX?
As of 2026-08-27, the correlation of weekly returns between VLTO and VXX is -0.40 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is VXX a good diversifier for VLTO?
Yes. With a correlation of -0.40, VLTO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 mean?
A reading of -0.40 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/vlto-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vlto-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VLTO correlations · VXX correlations
