SRE vs VXX: Correlation
Sempra (SRE) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRE and VXX?
On 3 years of weekly data the SRE/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.03) than the 3-year average (-0.25). The 5-year figure is -0.28, and annualized covariance runs at -360.9 %².
Out of 30 assets tracked against SRE, VXX lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months SRE outperformed by 55.7 percentage points (+6.0% for SRE against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.5 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.
SRE vs VXX: side by side
| SRE (Sempra) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.0% | -49.7% |
| 5-year return | +50.4% | -95.6% |
| Volatility (ann.) | 23.9% | 60.9% |
| Beta vs S&P 500 | 0.38 | -3.31 |
| Max drawdown (3Y) | -31.6% | -83.3% |
| Market cap | $55.4B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 3.06% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | SRE | VXX |
|---|---|---|
| 2022 | +20.3% | -23.8% |
| 2023 | -0.1% | -72.5% |
| 2024 | +21.1% | -26.2% |
| 2025 | +3.9% | -42.2% |
| 2026 | -2.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between SRE and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.03 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for SRE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sre-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sre-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SRE correlations · VXX correlations
