SII vs VXX: Correlation
Sprott Inc. (SII) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SII and VXX?
Over the past 3 years, SII and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -636.4 %².
Out of 14 assets tracked against SII, VXX lands near the bottom at #12. The last year tells two different stories: SII led by 162.0 percentage points, +112.3% for SII against -49.7% for VXX. One caveat on sizing: VXX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SII vs VXX: side by side
| SII (Sprott Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +112.3% | -49.7% |
| 5-year return | +354.0% | -95.6% |
| Volatility (ann.) | 37.3% | 60.9% |
| Beta vs S&P 500 | 0.92 | -3.31 |
| Max drawdown (3Y) | -38.0% | -83.3% |
| Market cap | $3.5B | – |
| P/E (trailing) | 33.6 | – |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SII | VXX |
|---|---|---|
| 2022 | -24.1% | -23.8% |
| 2023 | +5.0% | -72.5% |
| 2024 | +27.4% | -26.2% |
| 2025 | +135.0% | -42.2% |
| 2026 | +40.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SII and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, SII and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SII and VXX?
As of 2026-08-27, the correlation of weekly returns between SII and VXX is -0.28 over 3 years, -0.26 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for SII?
Yes. With a correlation of -0.28, SII and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/sii-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sii-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SII correlations · VXX correlations
