SCHD vs VXX: Correlation
Schwab US Dividend Equity ETF (SCHD) 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 -0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHD and VXX?
Across a 3-year window, the weekly returns of SCHD and VXX correlate at -0.57, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.23) runs above the 3-year figure (-0.57). Stretching to 5 years gives -0.56, with an annualized covariance of -444.4 %².
VXX is close to the least connected end of SCHD's tracked universe, ranking #107 of 108. Correlation aside, the last 12 months split them widely, with SCHD ahead by 79.3 points (+29.6% versus -49.7%). Risk is not evenly split, since VXX carries 4.7 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.
SCHD vs VXX: side by side
| SCHD (Schwab US Dividend Equity ETF) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.6% | -49.7% |
| 5-year return | +60.9% | -95.6% |
| Volatility (ann.) | 12.9% | 60.9% |
| Beta vs S&P 500 | 0.52 | -3.31 |
| Max drawdown (3Y) | -16.1% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.13% | 0.00% |
| Expense ratio | 0.06% | – |
| Assets under management | $104.2B | – |
| Sector / category | ETF · Dividend | US Listed |
SCHD, Schwab ETFs's Large Value fund, carries $104.2B under management, 101 holdings, a 0.06% expense ratio, a 3.13% trailing dividend yield.
Year-by-year returns
| Year | SCHD | VXX |
|---|---|---|
| 2022 | -3.3% | -23.8% |
| 2023 | +4.5% | -72.5% |
| 2024 | +11.7% | -26.2% |
| 2025 | +4.3% | -42.2% |
| 2026 | +29.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
FAQ
What is the correlation between SCHD and VXX?
As of 2026-08-27, the correlation of weekly returns between SCHD and VXX is -0.57 over 3 years, -0.23 over 1 year and -0.56 over 5 years.
Is VXX a good diversifier for SCHD?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
What does a correlation of -0.57 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/schd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/schd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCHD correlations · VXX correlations
