SLDB vs VXX: Correlation
Solid Biosciences Inc. (SLDB) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLDB and VXX?
On 3 years of weekly data the SLDB/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.18) runs above the 3-year figure (-0.33). The 5-year figure is -0.29, and annualized covariance runs at -2067.1 %².
Among the 14 assets we track against SLDB, VXX sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with SLDB ahead by 129.9 points (+80.2% versus -49.7%). One caveat on sizing: SLDB is 1.7 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.
SLDB vs VXX: side by side
| SLDB (Solid Biosciences Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +80.2% | -49.7% |
| 5-year return | -75.0% | -95.6% |
| Volatility (ann.) | 103.6% | 60.9% |
| Beta vs S&P 500 | 2.35 | -3.31 |
| Max drawdown (3Y) | -82.9% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLDB | VXX |
|---|---|---|
| 2022 | -79.5% | -23.8% |
| 2023 | +14.1% | -72.5% |
| 2024 | -34.9% | -26.2% |
| 2025 | +41.0% | -42.2% |
| 2026 | +79.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLDB and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, SLDB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SLDB and VXX?
As of 2026-08-27, the correlation of weekly returns between SLDB and VXX is -0.33 over 3 years, -0.18 over 1 year and -0.29 over 5 years.
Is VXX a good diversifier for SLDB?
Yes. With a correlation of -0.33, SLDB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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/sldb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sldb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SLDB correlations · VXX correlations
