SBLK vs VXX: Correlation
Star Bulk Carriers Corp. (SBLK) 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 -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBLK and VXX?
Across a 3-year window, the weekly returns of SBLK and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.41 over 3. Stretching to 5 years gives -0.25, with an annualized covariance of -811.0 %².
Among the 15 assets we track against SBLK, VXX sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months SBLK outperformed by 121.8 percentage points (+72.1% for SBLK against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.9 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.
SBLK vs VXX: side by side
| SBLK (Star Bulk Carriers Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +72.1% | -49.7% |
| 5-year return | +126.3% | -95.6% |
| Volatility (ann.) | 32.5% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -48.4% | -83.3% |
| Market cap | $3.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 6.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBLK | VXX |
|---|---|---|
| 2022 | +8.5% | -23.8% |
| 2023 | +19.2% | -72.5% |
| 2024 | -21.0% | -26.2% |
| 2025 | +30.8% | -42.2% |
| 2026 | +68.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBLK and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, SBLK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SBLK and VXX?
The SBLK/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.34, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SBLK?
Yes. With a correlation of -0.41, SBLK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 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/sblk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sblk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: SBLK correlations · VXX correlations
