SDHC vs VXX: Correlation
Measured on weekly returns over the past three years, Smith Douglas Homes Corp. (SDHC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SDHC and VXX?
On 3 years of weekly data the SDHC/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -993.6 %².
VXX is close to the least connected end of SDHC's tracked universe, ranking #13 of 14. On 12-month performance SDHC holds a 11.4-point edge, -38.3% against -49.7%.
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.
SDHC vs VXX: side by side
| SDHC (Smith Douglas Homes Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -38.3% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 49.6% | 60.9% |
| Beta vs S&P 500 | 1.07 | -3.31 |
| Max drawdown (3Y) | -72.0% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SDHC | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | -34.6% | -42.2% |
| 2026 | -27.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SDHC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between SDHC and VXX?
The SDHC/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SDHC?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/sdhc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sdhc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SDHC correlations · VXX correlations
