SNDL vs VXX: Correlation
SNDL Inc. (SNDL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNDL and VXX?
On 3 years of weekly data the SNDL/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.21, and annualized covariance runs at -810.3 %².
Out of 18 assets tracked against SNDL, VXX lands near the bottom at #17. Neither side won the trailing year by much: -46.6% 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.
SNDL vs VXX: side by side
| SNDL (SNDL Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -46.6% | -49.7% |
| 5-year return | -81.9% | -95.6% |
| Volatility (ann.) | 51.2% | 60.9% |
| Beta vs S&P 500 | 0.81 | -3.31 |
| Max drawdown (3Y) | -57.4% | -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 | SNDL | VXX |
|---|---|---|
| 2022 | -63.8% | -23.8% |
| 2023 | -21.5% | -72.5% |
| 2024 | +9.1% | -26.2% |
| 2025 | -7.3% | -42.2% |
| 2026 | -18.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNDL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between SNDL and VXX?
The SNDL/VXX correlation stands at -0.26 on a 3-year window (1 year: -0.24, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SNDL?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sndl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sndl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SNDL correlations · VXX correlations
