SNES vs VXX: Correlation
SenesTech, Inc. (SNES) 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 -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNES and VXX?
Over the past 3 years, SNES and VXX moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1178.4 %².
Among the 11 assets we track against SNES, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months VXX outperformed by 27.0 percentage points (-76.7% for SNES against -49.7% for VXX). Note the risk asymmetry: SNES runs 1.7 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.
SNES vs VXX: side by side
| SNES (SenesTech, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -76.7% | -49.7% |
| 5-year return | -100.0% | -95.6% |
| Volatility (ann.) | 104.7% | 60.9% |
| Beta vs S&P 500 | 1.31 | -3.31 |
| Max drawdown (3Y) | -98.5% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SNES | VXX |
|---|---|---|
| 2022 | -84.2% | -23.8% |
| 2023 | -96.6% | -72.5% |
| 2024 | -73.9% | -26.2% |
| 2025 | -35.3% | -42.2% |
| 2026 | -48.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNES and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between SNES and VXX?
As of 2026-08-27, the correlation of weekly returns between SNES and VXX is -0.18 over 3 years, -0.19 over 1 year and -0.18 over 5 years.
Is VXX a good diversifier for SNES?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/snes-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/snes-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SNES correlations · VXX correlations
