SEI vs VXX: Correlation
Measured on weekly returns over the past three years, Solaris Energy Infrastructure, Inc. (SEI) 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 SEI and VXX?
Over the past 3 years, SEI and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.32). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -1392.8 %².
Out of 12 assets tracked against SEI, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with SEI ahead by 129.9 points (+80.2% versus -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.
SEI vs VXX: side by side
| SEI (Solaris Energy Infrastructure, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +80.2% | -49.7% |
| 5-year return | +759.3% | -95.6% |
| Volatility (ann.) | 72.5% | 60.9% |
| Beta vs S&P 500 | 1.79 | -3.31 |
| Max drawdown (3Y) | -55.4% | -83.3% |
| Market cap | $5.3B | – |
| P/E (trailing) | 66.1 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEI | VXX |
|---|---|---|
| 2022 | +57.5% | -23.8% |
| 2023 | -15.7% | -72.5% |
| 2024 | +277.7% | -26.2% |
| 2025 | +62.3% | -42.2% |
| 2026 | +15.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEI and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, SEI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SEI and VXX?
As of 2026-08-27, the correlation of weekly returns between SEI and VXX is -0.32 over 3 years, -0.12 over 1 year and -0.28 over 5 years.
Is VXX a good diversifier for SEI?
Yes. With a correlation of -0.32, SEI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/sei-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sei-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SEI correlations · VXX correlations
