SCI vs VXX: Correlation
How closely do Service Corporation International (SCI) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCI and VXX?
On 3 years of weekly data the SCI/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.27 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -384.2 %².
Out of 12 assets tracked against SCI, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with SCI ahead by 56.2 points (+6.5% versus -49.7%). Risk is not evenly split, since VXX carries 2.6 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.
SCI vs VXX: side by side
| SCI (Service Corporation International) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.5% | -49.7% |
| 5-year return | +44.7% | -95.6% |
| Volatility (ann.) | 23.6% | 60.9% |
| Beta vs S&P 500 | 0.47 | -3.31 |
| Max drawdown (3Y) | -21.6% | -83.3% |
| Market cap | $11.4B | – |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCI | VXX |
|---|---|---|
| 2022 | -1.0% | -23.8% |
| 2023 | +0.7% | -72.5% |
| 2024 | +18.4% | -26.2% |
| 2025 | -0.7% | -42.2% |
| 2026 | +8.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between SCI and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.02 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for SCI?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/sci-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sci-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCI correlations · VXX correlations
