SRCE vs VXX: Correlation
How closely do 1st Source Corporation (SRCE) 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 -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRCE and VXX?
Across a 3-year window, the weekly returns of SRCE and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.42 over 3 years. Stretching to 5 years gives -0.38, with an annualized covariance of -645.2 %².
Among the 20 assets we track against SRCE, VXX sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with SRCE ahead by 86.7 points (+37.0% versus -49.7%). One caveat on sizing: VXX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SRCE vs VXX: side by side
| SRCE (1st Source Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.0% | -49.7% |
| 5-year return | +110.2% | -95.6% |
| Volatility (ann.) | 25.5% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -21.2% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRCE | VXX |
|---|---|---|
| 2022 | +9.8% | -23.8% |
| 2023 | +6.5% | -72.5% |
| 2024 | +9.0% | -26.2% |
| 2025 | +9.8% | -42.2% |
| 2026 | +40.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRCE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between SRCE and VXX?
The SRCE/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.15, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SRCE?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
A reading of -0.42 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/srce-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/srce-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SRCE correlations · VXX correlations
