SPWR vs VXX: Correlation
SunPower Inc. (SPWR) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPWR and VXX?
Over the past 3 years, SPWR and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -2125.1 %².
Out of 13 assets tracked against SPWR, VXX lands near the bottom at #12. The last year tells two different stories: VXX led by 30.7 percentage points, -80.4% for SPWR against -49.7% for VXX. Risk is not evenly split, since SPWR carries 2.4 times the volatility of the other side.
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.
SPWR vs VXX: side by side
| SPWR (SunPower Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -80.4% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 146.1% | 60.9% |
| Beta vs S&P 500 | 1.97 | -3.31 |
| Max drawdown (3Y) | -92.9% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPWR | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +11.5% | -26.2% |
| 2025 | -12.3% | -42.2% |
| 2026 | -81.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPWR and VXX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SPWR and VXX?
The SPWR/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.21, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SPWR?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/spwr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spwr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SPWR correlations · VXX correlations
