SITM vs VXX: Correlation
Measured on weekly returns over the past three years, SiTime Corporation (SITM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITM and VXX?
Over the past 3 years, SITM and VXX moved with a correlation of -0.49, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.31) than the 3-year average (-0.49). Over 5 years the correlation is -0.43, and the annualized covariance of weekly returns is -2301.2 %².
VXX is close to the least connected end of SITM's tracked universe, ranking #13 of 13. Their recent paths diverged sharply: over the last 12 months SITM outperformed by 201.0 percentage points (+151.3% for SITM 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.
SITM vs VXX: side by side
| SITM (SiTime Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +151.3% | -49.7% |
| 5-year return | +183.2% | -95.6% |
| Volatility (ann.) | 77.7% | 60.9% |
| Beta vs S&P 500 | 2.97 | -3.31 |
| Max drawdown (3Y) | -55.3% | -83.3% |
| Market cap | $18.0B | – |
| P/E (trailing) | 999.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SITM | VXX |
|---|---|---|
| 2022 | -65.3% | -23.8% |
| 2023 | +20.1% | -72.5% |
| 2024 | +75.7% | -26.2% |
| 2025 | +64.6% | -42.2% |
| 2026 | +69.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITM and VXX good diversifiers for each other?
Yes. With a correlation of -0.49, SITM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SITM and VXX?
As of 2026-08-27, the correlation of weekly returns between SITM and VXX is -0.49 over 3 years, -0.31 over 1 year and -0.43 over 5 years.
Is VXX a good diversifier for SITM?
Yes. With a correlation of -0.49, SITM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/sitm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sitm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SITM correlations · VXX correlations
