SABR vs VXX: Correlation
Sabre Corporation (SABR) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SABR and VXX?
On 3 years of weekly data the SABR/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.27). The 5-year figure is -0.27, and annualized covariance runs at -1244.6 %².
VXX is close to the least connected end of SABR's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months SABR outperformed by 70.6 percentage points (+20.9% for SABR 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.
SABR vs VXX: side by side
| SABR (Sabre Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.9% | -49.7% |
| 5-year return | -80.2% | -95.6% |
| Volatility (ann.) | 75.5% | 60.9% |
| Beta vs S&P 500 | 2.20 | -3.31 |
| Max drawdown (3Y) | -84.8% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SABR | VXX |
|---|---|---|
| 2022 | -28.1% | -23.8% |
| 2023 | -28.8% | -72.5% |
| 2024 | -17.0% | -26.2% |
| 2025 | -62.7% | -42.2% |
| 2026 | +57.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SABR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between SABR and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.01 over the last year and -0.27 over 5 years.
Is VXX a good diversifier for SABR?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/sabr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sabr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SABR correlations · VXX correlations
