SMRT vs VXX: Correlation
Measured on weekly returns over the past three years, SmartRent, Inc. (SMRT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMRT and VXX?
Over the past 3 years, SMRT and VXX moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.40). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -1589.8 %².
Out of 16 assets tracked against SMRT, VXX lands near the bottom at #16. The last year tells two different stories: SMRT led by 42.2 percentage points, -7.5% for SMRT 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.
SMRT vs VXX: side by side
| SMRT (SmartRent, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.5% | -49.7% |
| 5-year return | -89.1% | -95.6% |
| Volatility (ann.) | 66.0% | 60.9% |
| Beta vs S&P 500 | 1.68 | -3.31 |
| Max drawdown (3Y) | -79.4% | -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 | SMRT | VXX |
|---|---|---|
| 2022 | -74.9% | -23.8% |
| 2023 | +31.3% | -72.5% |
| 2024 | -45.1% | -26.2% |
| 2025 | +15.4% | -42.2% |
| 2026 | -32.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMRT and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SMRT and VXX?
The SMRT/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.14, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SMRT?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 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/smrt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/smrt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SMRT correlations · VXX correlations
