VNT vs VXX: Correlation
Vontier Corporation (VNT) 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 -0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VNT and VXX?
Across a 3-year window, the weekly returns of VNT and VXX correlate at -0.55, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.31) runs above the 3-year figure (-0.55). Stretching to 5 years gives -0.49, with an annualized covariance of -1042.8 %².
Out of 22 assets tracked against VNT, VXX lands near the bottom at #22. The last year tells two different stories: VNT led by 26.1 percentage points, -23.6% for VNT against -49.7% for VXX. One caveat on sizing: VXX is 2.0 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.
VNT vs VXX: side by side
| VNT (Vontier Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.6% | -49.7% |
| 5-year return | -7.6% | -95.6% |
| Volatility (ann.) | 31.1% | 60.9% |
| Beta vs S&P 500 | 1.13 | -3.31 |
| Max drawdown (3Y) | -38.4% | -83.3% |
| Market cap | $4.5B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 0.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VNT | VXX |
|---|---|---|
| 2022 | -36.8% | -23.8% |
| 2023 | +79.3% | -72.5% |
| 2024 | +5.8% | -26.2% |
| 2025 | +2.2% | -42.2% |
| 2026 | -10.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VNT and VXX good diversifiers for each other?
Yes. With a correlation of -0.55, VNT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VNT and VXX?
As of 2026-08-27, the correlation of weekly returns between VNT and VXX is -0.55 over 3 years, -0.31 over 1 year and -0.49 over 5 years.
Is VXX a good diversifier for VNT?
Yes. With a correlation of -0.55, VNT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.55 mean?
On the −1 to +1 scale, -0.55 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/vnt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vnt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VNT correlations · VXX correlations
