SKIL vs VXX: Correlation
Measured on weekly returns over the past three years, Skillsoft Corp. (SKIL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKIL and VXX?
On 3 years of weekly data the SKIL/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.24 over 3. The 5-year figure is -0.22, and annualized covariance runs at -1361.4 %².
Out of 10 assets tracked against SKIL, VXX lands near the bottom at #9. The trailing year gives VXX the advantage: -58.6% versus -49.7%, a 8.9-point spread. Risk is not evenly split, since SKIL carries 1.6 times the volatility of the other side.
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.
SKIL vs VXX: side by side
| SKIL (Skillsoft Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -58.6% | -49.7% |
| 5-year return | -96.5% | -95.6% |
| Volatility (ann.) | 95.0% | 60.9% |
| Beta vs S&P 500 | 2.14 | -3.31 |
| Max drawdown (3Y) | -88.5% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKIL | VXX |
|---|---|---|
| 2022 | -85.8% | -23.8% |
| 2023 | -32.4% | -72.5% |
| 2024 | +36.3% | -26.2% |
| 2025 | -61.2% | -42.2% |
| 2026 | -28.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKIL and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, SKIL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SKIL and VXX?
The SKIL/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.18, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SKIL?
Yes. With a correlation of -0.24, SKIL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/skil-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/skil-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SKIL correlations · VXX correlations
