SCHL vs VXX: Correlation
Scholastic Corporation (SCHL) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHL and VXX?
Over the past 3 years, SCHL and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.30). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -808.8 %².
VXX is close to the least connected end of SCHL's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months SCHL outperformed by 104.8 percentage points (+55.1% for SCHL 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.
SCHL vs VXX: side by side
| SCHL (Scholastic Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +55.1% | -49.7% |
| 5-year return | +32.0% | -95.6% |
| Volatility (ann.) | 43.5% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -62.3% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCHL | VXX |
|---|---|---|
| 2022 | +0.5% | -23.8% |
| 2023 | -2.5% | -72.5% |
| 2024 | -42.0% | -26.2% |
| 2025 | +44.0% | -42.2% |
| 2026 | +33.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHL and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, SCHL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SCHL and VXX?
As of 2026-08-27, the correlation of weekly returns between SCHL and VXX is -0.30 over 3 years, 0.15 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for SCHL?
Yes. With a correlation of -0.30, SCHL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/schl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/schl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCHL correlations · VXX correlations
