SD vs VXX: Correlation
Measured on weekly returns over the past three years, SandRidge Energy, Inc. (SD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SD and VXX?
Over the past 3 years, SD and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.25 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -494.7 %².
VXX is close to the least connected end of SD's tracked universe, ranking #13 of 13. Correlation aside, the last 12 months split them widely, with SD ahead by 77.5 points (+27.8% versus -49.7%). Risk is not evenly split, since VXX carries 1.8 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.
SD vs VXX: side by side
| SD (SandRidge Energy, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.8% | -49.7% |
| 5-year return | +126.2% | -95.6% |
| Volatility (ann.) | 33.0% | 60.9% |
| Beta vs S&P 500 | 0.32 | -3.31 |
| Max drawdown (3Y) | -37.9% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 3.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SD | VXX |
|---|---|---|
| 2022 | +62.8% | -23.8% |
| 2023 | -8.2% | -72.5% |
| 2024 | -1.2% | -26.2% |
| 2025 | +28.2% | -42.2% |
| 2026 | +1.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SD and VXX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SD and VXX?
The SD/VXX correlation stands at -0.25 on a 3-year window (1 year: 0.13, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SD?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SD correlations · VXX correlations
