SKYX vs VXX: Correlation
SKYX Platforms Corp. (SKYX) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKYX and VXX?
On 3 years of weekly data the SKYX/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.25 over 3. The 5-year figure is -0.15, and annualized covariance runs at -1308.6 %².
VXX is close to the least connected end of SKYX's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with SKYX ahead by 52.2 points (+2.5% 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.
SKYX vs VXX: side by side
| SKYX (SKYX Platforms Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.5% | -49.7% |
| 5-year return | -89.7% | -95.6% |
| Volatility (ann.) | 85.8% | 60.9% |
| Beta vs S&P 500 | 1.83 | -3.31 |
| Max drawdown (3Y) | -69.8% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKYX | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | -36.5% | -72.5% |
| 2024 | -27.5% | -26.2% |
| 2025 | +87.1% | -42.2% |
| 2026 | -43.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKYX and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, SKYX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SKYX and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.32 over the last year and -0.15 over 5 years.
Is VXX a good diversifier for SKYX?
Yes. With a correlation of -0.25, SKYX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/skyx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/skyx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SKYX correlations · VXX correlations
