SCSC vs VXX: Correlation
Measured on weekly returns over the past three years, ScanSource, Inc. (SCSC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCSC and VXX?
Over the past 3 years, SCSC and VXX moved with a correlation of -0.49, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.32) than the 3-year average (-0.49). Over 5 years the correlation is -0.46, and the annualized covariance of weekly returns is -1052.0 %².
Out of 20 assets tracked against SCSC, VXX lands near the bottom at #20. Their recent paths diverged sharply: over the last 12 months SCSC outperformed by 79.7 percentage points (+30.0% for SCSC against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.7 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.
SCSC vs VXX: side by side
| SCSC (ScanSource, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.0% | -49.7% |
| 5-year return | +60.7% | -95.6% |
| Volatility (ann.) | 35.5% | 60.9% |
| Beta vs S&P 500 | 1.21 | -3.31 |
| Max drawdown (3Y) | -44.2% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCSC | VXX |
|---|---|---|
| 2022 | -16.7% | -23.8% |
| 2023 | +35.6% | -72.5% |
| 2024 | +19.8% | -26.2% |
| 2025 | -17.7% | -42.2% |
| 2026 | +48.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCSC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
FAQ
What is the correlation between SCSC and VXX?
The SCSC/VXX correlation stands at -0.49 on a 3-year window (1 year: -0.32, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SCSC?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
What does a correlation of -0.49 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/scsc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scsc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCSC correlations · VXX correlations
