SBUX vs VXX: Correlation
How closely do Starbucks (SBUX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBUX and VXX?
Across a 3-year window, the weekly returns of SBUX and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.29 versus -0.39 over 3 years. Stretching to 5 years gives -0.38, with an annualized covariance of -820.0 %².
Among the 38 assets we track against SBUX, VXX sits near the bottom by co-movement, at rank #37. Their recent paths diverged sharply: over the last 12 months SBUX outperformed by 75.2 percentage points (+25.5% for SBUX against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.8 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.
SBUX vs VXX: side by side
| SBUX (Starbucks) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.5% | -49.7% |
| 5-year return | +4.5% | -95.6% |
| Volatility (ann.) | 34.2% | 60.9% |
| Beta vs S&P 500 | 1.10 | -3.31 |
| Max drawdown (3Y) | -32.0% | -83.3% |
| Market cap | $122.3B | – |
| P/E (trailing) | 62.7 | – |
| Dividend yield | 2.29% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | SBUX | VXX |
|---|---|---|
| 2022 | -13.2% | -23.8% |
| 2023 | -1.2% | -72.5% |
| 2024 | -2.5% | -26.2% |
| 2025 | -5.3% | -42.2% |
| 2026 | +29.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBUX and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, SBUX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SBUX and VXX?
As of 2026-08-27, the correlation of weekly returns between SBUX and VXX is -0.39 over 3 years, -0.29 over 1 year and -0.38 over 5 years.
Is VXX a good diversifier for SBUX?
Yes. With a correlation of -0.39, SBUX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/sbux-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbux-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SBUX correlations · VXX correlations
