SOUN vs VXX: Correlation
SoundHound AI, Inc. (SOUN) 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 -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOUN and VXX?
Over the past 3 years, SOUN and VXX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -2417.4 %².
Among the 13 assets we track against SOUN, VXX sits near the bottom by co-movement, at rank #12. Over the last 12 months SOUN came out ahead by 10.3 percentage points (-39.4% against -49.7%). Note the risk asymmetry: SOUN runs 1.9 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.
SOUN vs VXX: side by side
| SOUN (SoundHound AI, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -39.4% | -49.7% |
| 5-year return | -3.7% | -95.6% |
| Volatility (ann.) | 114.8% | 60.9% |
| Beta vs S&P 500 | 3.35 | -3.31 |
| Max drawdown (3Y) | -76.5% | -83.3% |
| Market cap | $3.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOUN | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | +19.8% | -72.5% |
| 2024 | +835.8% | -26.2% |
| 2025 | -49.7% | -42.2% |
| 2026 | -27.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOUN and VXX good diversifiers for each other?
Yes. With a correlation of -0.35, SOUN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SOUN and VXX?
As of 2026-08-27, the correlation of weekly returns between SOUN and VXX is -0.35 over 3 years, -0.38 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for SOUN?
Yes. With a correlation of -0.35, SOUN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 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/soun-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/soun-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SOUN correlations · VXX correlations
