SLDP vs VXX: Correlation
Measured on weekly returns over the past three years, Solid Power, Inc. (SLDP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLDP and VXX?
Across a 3-year window, the weekly returns of SLDP and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.25). Stretching to 5 years gives -0.25, with an annualized covariance of -1324.5 %².
Out of 23 assets tracked against SLDP, VXX lands near the bottom at #22. Neither side won the trailing year by much: -46.4% against -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.
SLDP vs VXX: side by side
| SLDP (Solid Power, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -46.4% | -49.7% |
| 5-year return | -76.1% | -95.6% |
| Volatility (ann.) | 87.4% | 60.9% |
| Beta vs S&P 500 | 1.88 | -3.31 |
| Max drawdown (3Y) | -76.5% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLDP | VXX |
|---|---|---|
| 2022 | -70.9% | -23.8% |
| 2023 | -42.9% | -72.5% |
| 2024 | +30.3% | -26.2% |
| 2025 | +124.9% | -42.2% |
| 2026 | -44.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLDP and VXX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SLDP and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.08 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for SLDP?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/sldp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sldp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SLDP correlations · VXX correlations
