SCCO vs VXX: Correlation
Measured on weekly returns over the past three years, Southern Copper Corporation (SCCO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCCO and VXX?
Over the past 3 years, SCCO and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.43 lands near the 3-year figure. Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -1016.8 %².
VXX is close to the least connected end of SCCO's tracked universe, ranking #20 of 20. Their recent paths diverged sharply: over the last 12 months SCCO outperformed by 184.2 percentage points (+134.5% for SCCO 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.
SCCO vs VXX: side by side
| SCCO (Southern Copper Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +134.5% | -49.7% |
| 5-year return | +339.2% | -95.6% |
| Volatility (ann.) | 40.8% | 60.9% |
| Beta vs S&P 500 | 1.32 | -3.31 |
| Max drawdown (3Y) | -39.7% | -83.3% |
| Market cap | $182.6B | – |
| P/E (trailing) | 32.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCCO | VXX |
|---|---|---|
| 2022 | +4.2% | -23.8% |
| 2023 | +50.0% | -72.5% |
| 2024 | +9.4% | -26.2% |
| 2025 | +66.5% | -42.2% |
| 2026 | +55.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCCO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between SCCO and VXX?
The SCCO/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.43, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SCCO?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
A reading of -0.41 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/scco-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scco-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCCO correlations · VXX correlations
