VRT vs VXX: Correlation
Vertiv (VRT) 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 -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VRT and VXX?
On 3 years of weekly data the VRT/VXX correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.46 over 3 years. The 5-year figure is -0.35, and annualized covariance runs at -1613.8 %².
VXX is close to the least connected end of VRT's tracked universe, ranking #34 of 36. Their recent paths diverged sharply: over the last 12 months VRT outperformed by 158.2 percentage points (+108.5% for VRT 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.
VRT vs VXX: side by side
| VRT (Vertiv) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +108.5% | -49.7% |
| 5-year return | +847.7% | -95.6% |
| Volatility (ann.) | 57.1% | 60.9% |
| Beta vs S&P 500 | 2.36 | -3.31 |
| Max drawdown (3Y) | -61.3% | -83.3% |
| Market cap | $103.7B | – |
| P/E (trailing) | 59.6 | – |
| Dividend yield | 0.07% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | VRT | VXX |
|---|---|---|
| 2022 | -45.3% | -23.8% |
| 2023 | +251.8% | -72.5% |
| 2024 | +136.8% | -26.2% |
| 2025 | +42.8% | -42.2% |
| 2026 | +66.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VRT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between VRT and VXX?
The VRT/VXX correlation stands at -0.46 on a 3-year window (1 year: -0.19, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VRT?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 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/vrt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vrt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VRT correlations · VXX correlations
