SON vs VXX: Correlation
How closely do Sonoco Products Company (SON) 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 -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SON and VXX?
On 3 years of weekly data the SON/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.36 over 3. The 5-year figure is -0.38, and annualized covariance runs at -558.4 %².
Among the 15 assets we track against SON, VXX sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months SON outperformed by 76.2 percentage points (+26.5% for SON against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.4 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.
SON vs VXX: side by side
| SON (Sonoco Products Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.5% | -49.7% |
| 5-year return | +4.8% | -95.6% |
| Volatility (ann.) | 25.7% | 60.9% |
| Beta vs S&P 500 | 0.62 | -3.31 |
| Max drawdown (3Y) | -32.5% | -83.3% |
| Market cap | $5.6B | – |
| P/E (trailing) | 8.9 | – |
| Dividend yield | 3.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SON | VXX |
|---|---|---|
| 2022 | +8.3% | -23.8% |
| 2023 | -4.7% | -72.5% |
| 2024 | -9.1% | -26.2% |
| 2025 | -6.3% | -42.2% |
| 2026 | +33.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SON and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between SON and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.30 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for SON?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 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/son-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/son-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SON correlations · VXX correlations
