SBLK vs VXZ: Correlation
Measured on weekly returns over the past three years, Star Bulk Carriers Corp. (SBLK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBLK and VXZ?
Across a 3-year window, the weekly returns of SBLK and VXZ correlate at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.20 versus -0.36 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -297.4 %².
Out of 15 assets tracked against SBLK, VXZ lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months SBLK outperformed by 88.2 percentage points (+72.1% for SBLK against -16.1% for VXZ).
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 VXZ: side by side
| SBLK (Star Bulk Carriers Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +72.1% | -16.1% |
| 5-year return | +126.3% | -53.1% |
| Volatility (ann.) | 32.5% | 25.6% |
| Beta vs S&P 500 | 0.98 | -1.31 |
| Max drawdown (3Y) | -48.4% | -36.4% |
| Market cap | $3.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 6.36% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBLK | VXZ |
|---|---|---|
| 2022 | +8.5% | +0.5% |
| 2023 | +19.2% | -44.0% |
| 2024 | -21.0% | -12.7% |
| 2025 | +30.8% | +5.7% |
| 2026 | +68.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBLK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, SBLK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SBLK and VXZ?
As of 2026-08-27, the correlation of weekly returns between SBLK and VXZ is -0.36 over 3 years, -0.20 over 1 year and -0.24 over 5 years.
Is VXZ a good diversifier for SBLK?
Yes. With a correlation of -0.36, SBLK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/sblk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sblk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SBLK correlations · VXZ correlations
