SMG vs VXX: Correlation
How closely do Scotts Miracle-Gro Company (The) (SMG) 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 -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMG and VXX?
Across a 3-year window, the weekly returns of SMG and VXX correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.28, with an annualized covariance of -532.8 %².
Out of 12 assets tracked against SMG, VXX lands near the bottom at #11. The last year tells two different stories: SMG led by 51.5 percentage points, +1.8% for SMG against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SMG vs VXX: side by side
| SMG (Scotts Miracle-Gro Company (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.8% | -49.7% |
| 5-year return | -53.4% | -95.6% |
| Volatility (ann.) | 38.9% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -47.4% | -83.3% |
| Market cap | $3.5B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 4.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMG | VXX |
|---|---|---|
| 2022 | -68.8% | -23.8% |
| 2023 | +36.9% | -72.5% |
| 2024 | +8.3% | -26.2% |
| 2025 | -8.0% | -42.2% |
| 2026 | +7.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMG and VXX good diversifiers for each other?
Yes. With a correlation of -0.22, SMG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SMG and VXX?
The SMG/VXX correlation stands at -0.22 on a 3-year window (1 year: -0.18, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SMG?
Yes. With a correlation of -0.22, SMG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/smg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/smg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SMG correlations · VXX correlations
