SLSR vs VXX: Correlation
Measured on weekly returns over the past three years, Solaris Resources Inc. (SLSR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLSR and VXX?
Across a 3-year window, the weekly returns of SLSR and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.40) sits close to the 3-year figure. Stretching to 5 years gives -0.27, with an annualized covariance of -1233.6 %².
VXX is close to the least connected end of SLSR's tracked universe, ranking #10 of 10. The last year tells two different stories: SLSR led by 109.4 percentage points, +59.7% for SLSR against -49.7% for VXX.
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.
SLSR vs VXX: side by side
| SLSR (Solaris Resources Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.7% | -49.7% |
| 5-year return | -4.4% | -95.6% |
| Volatility (ann.) | 63.0% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -56.9% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLSR | VXX |
|---|---|---|
| 2022 | -65.7% | -23.8% |
| 2023 | -33.7% | -72.5% |
| 2024 | +1.8% | -26.2% |
| 2025 | +156.7% | -42.2% |
| 2026 | +11.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLSR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between SLSR and VXX?
The SLSR/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.40, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SLSR?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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/slsr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slsr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SLSR correlations · VXX correlations
