SBR vs VXX: Correlation
Measured on weekly returns over the past three years, Sabine Royalty Trust (SBR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBR and VXX?
Across a 3-year window, the weekly returns of SBR and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.03) than the 3-year average (-0.29). Stretching to 5 years gives -0.19, with an annualized covariance of -411.7 %².
VXX is close to the least connected end of SBR's tracked universe, ranking #9 of 10. The last year tells two different stories: SBR led by 58.8 percentage points, +9.1% for SBR against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.7 times the volatility of the other side.
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.
SBR vs VXX: side by side
| SBR (Sabine Royalty Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.1% | -49.7% |
| 5-year return | +200.0% | -95.6% |
| Volatility (ann.) | 22.9% | 60.9% |
| Beta vs S&P 500 | 0.33 | -3.31 |
| Max drawdown (3Y) | -18.5% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 6.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBR | VXX |
|---|---|---|
| 2022 | +132.1% | -23.8% |
| 2023 | -13.1% | -72.5% |
| 2024 | +4.1% | -26.2% |
| 2025 | +14.0% | -42.2% |
| 2026 | +12.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between SBR and VXX?
As of 2026-08-27, the correlation of weekly returns between SBR and VXX is -0.29 over 3 years, 0.03 over 1 year and -0.19 over 5 years.
Is VXX a good diversifier for SBR?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/sbr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SBR correlations · VXX correlations
