SAIH vs VXX: Correlation
Measured on weekly returns over the past three years, SAIHEAT Limited - Class A (SAIH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAIH and VXX?
On 3 years of weekly data the SAIH/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -1669.2 %².
VXX is close to the least connected end of SAIH's tracked universe, ranking #10 of 11. The last year tells two different stories: SAIH led by 336.2 percentage points, +286.5% for SAIH against -49.7% for VXX. One caveat on sizing: SAIH is 1.9 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.
SAIH vs VXX: side by side
| SAIH (SAIHEAT Limited - Class A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +286.5% | -49.7% |
| 5-year return | -83.7% | -95.6% |
| Volatility (ann.) | 112.8% | 60.9% |
| Beta vs S&P 500 | 2.00 | -3.31 |
| Max drawdown (3Y) | -85.5% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SAIH | VXX |
|---|---|---|
| 2022 | -79.6% | -23.8% |
| 2023 | -40.8% | -72.5% |
| 2024 | -35.3% | -26.2% |
| 2025 | -20.3% | -42.2% |
| 2026 | +158.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAIH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between SAIH and VXX?
As of 2026-08-27, the correlation of weekly returns between SAIH and VXX is -0.24 over 3 years, -0.27 over 1 year and -0.15 over 5 years.
Is VXX a good diversifier for SAIH?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/saih-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/saih-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SAIH correlations · VXX correlations
