SAH vs VXX: Correlation
Measured on weekly returns over the past three years, Sonic Automotive, Inc. (SAH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAH and VXX?
Across a 3-year window, the weekly returns of SAH and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.30). Stretching to 5 years gives -0.30, with an annualized covariance of -745.9 %².
Among the 11 assets we track against SAH, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: SAH led by 45.5 percentage points, -4.2% for SAH against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SAH vs VXX: side by side
| SAH (Sonic Automotive, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.2% | -49.7% |
| 5-year return | +73.6% | -95.6% |
| Volatility (ann.) | 40.3% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -33.6% | -83.3% |
| Market cap | $2.5B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 1.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SAH | VXX |
|---|---|---|
| 2022 | +1.9% | -23.8% |
| 2023 | +16.7% | -72.5% |
| 2024 | +15.2% | -26.2% |
| 2025 | -0.3% | -42.2% |
| 2026 | +29.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAH and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SAH and VXX?
The SAH/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.04, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SAH?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/sah-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sah-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SAH correlations · VXX correlations
