SMHI vs VXX: Correlation
Measured on weekly returns over the past three years, SEACOR Marine Holdings Inc. (SMHI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMHI and VXX?
Across a 3-year window, the weekly returns of SMHI and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.24) than the 3-year average (-0.42). Stretching to 5 years gives -0.34, with an annualized covariance of -1405.6 %².
Among the 12 assets we track against SMHI, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: SMHI led by 96.9 percentage points, +47.2% for SMHI 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.
SMHI vs VXX: side by side
| SMHI (SEACOR Marine Holdings Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +47.2% | -49.7% |
| 5-year return | +119.6% | -95.6% |
| Volatility (ann.) | 54.8% | 60.9% |
| Beta vs S&P 500 | 1.41 | -3.31 |
| Max drawdown (3Y) | -74.3% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMHI | VXX |
|---|---|---|
| 2022 | +169.4% | -23.8% |
| 2023 | +37.4% | -72.5% |
| 2024 | -47.9% | -26.2% |
| 2025 | -8.2% | -42.2% |
| 2026 | +58.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMHI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between SMHI and VXX?
The SMHI/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.24, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SMHI?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/smhi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/smhi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SMHI correlations · VXX correlations
