SLAB vs VXX: Correlation
How closely do Silicon Laboratories, Inc. (SLAB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLAB and VXX?
Across a 3-year window, the weekly returns of SLAB and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.39). Stretching to 5 years gives -0.38, with an annualized covariance of -1148.3 %².
Out of 16 assets tracked against SLAB, VXX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with SLAB ahead by 106.5 points (+56.8% 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.
SLAB vs VXX: side by side
| SLAB (Silicon Laboratories, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.8% | -49.7% |
| 5-year return | +36.7% | -95.6% |
| Volatility (ann.) | 48.6% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -45.7% | -83.3% |
| Market cap | $7.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLAB | VXX |
|---|---|---|
| 2022 | -34.3% | -23.8% |
| 2023 | -2.5% | -72.5% |
| 2024 | -6.1% | -26.2% |
| 2025 | +5.2% | -42.2% |
| 2026 | +67.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLAB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between SLAB and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.10 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for SLAB?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 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/slab-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slab-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SLAB correlations · VXX correlations
