SDGR vs VXX: Correlation
Measured on weekly returns over the past three years, Schrodinger, Inc. (SDGR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDGR and VXX?
Over the past 3 years, SDGR and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.44 lands near the 3-year figure. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -1384.9 %².
VXX is close to the least connected end of SDGR's tracked universe, ranking #20 of 21. Their recent paths diverged sharply: over the last 12 months SDGR outperformed by 52.8 percentage points (+3.1% for SDGR 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.
SDGR vs VXX: side by side
| SDGR (Schrodinger, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.1% | -49.7% |
| 5-year return | -65.2% | -95.6% |
| Volatility (ann.) | 57.7% | 60.9% |
| Beta vs S&P 500 | 1.91 | -3.31 |
| Max drawdown (3Y) | -70.2% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SDGR | VXX |
|---|---|---|
| 2022 | -46.3% | -23.8% |
| 2023 | +91.5% | -72.5% |
| 2024 | -46.1% | -26.2% |
| 2025 | -7.3% | -42.2% |
| 2026 | +14.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDGR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between SDGR and VXX?
The SDGR/VXX correlation stands at -0.39 on a 3-year window (1 year: -0.44, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SDGR?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/sdgr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sdgr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SDGR correlations · VXX correlations
