SANM vs VXX: Correlation
Sanmina Corporation (SANM) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SANM and VXX?
Across a 3-year window, the weekly returns of SANM and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.38 over 3. Stretching to 5 years gives -0.36, with an annualized covariance of -1084.7 %².
Out of 10 assets tracked against SANM, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months SANM outperformed by 123.6 percentage points (+73.9% for SANM 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.
SANM vs VXX: side by side
| SANM (Sanmina Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +73.9% | -49.7% |
| 5-year return | +410.5% | -95.6% |
| Volatility (ann.) | 46.6% | 60.9% |
| Beta vs S&P 500 | 1.34 | -3.31 |
| Max drawdown (3Y) | -42.0% | -83.3% |
| Market cap | $10.9B | – |
| P/E (trailing) | 35.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SANM | VXX |
|---|---|---|
| 2022 | +38.2% | -23.8% |
| 2023 | -10.3% | -72.5% |
| 2024 | +47.3% | -26.2% |
| 2025 | +98.3% | -42.2% |
| 2026 | +35.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SANM and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SANM and VXX?
As of 2026-08-27, the correlation of weekly returns between SANM and VXX is -0.38 over 3 years, -0.28 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for SANM?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
A reading of -0.38 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/sanm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sanm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SANM correlations · VXX correlations
