SRI vs VXZ: Correlation
Measured on weekly returns over the past three years, Stoneridge, Inc. (SRI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRI and VXZ?
Over the past 3 years, SRI and VXZ moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.39 over 1 year against -0.36 over 3. Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -547.9 %².
Out of 14 assets tracked against SRI, VXZ lands near the bottom at #14. Neither side won the trailing year by much: -17.4% against -16.1%. Note the risk asymmetry: SRI runs 2.3 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.
SRI vs VXZ: side by side
| SRI (Stoneridge, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.4% | -16.1% |
| 5-year return | -69.5% | -53.1% |
| Volatility (ann.) | 59.7% | 25.6% |
| Beta vs S&P 500 | 1.79 | -1.31 |
| Max drawdown (3Y) | -82.9% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRI | VXZ |
|---|---|---|
| 2022 | +9.2% | +0.5% |
| 2023 | -9.2% | -44.0% |
| 2024 | -68.0% | -12.7% |
| 2025 | -7.7% | +5.7% |
| 2026 | +22.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRI and VXZ 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 SRI and VXZ?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.39 over the last year and -0.33 over 5 years.
Is VXZ a good diversifier for SRI?
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/sri-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sri-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SRI correlations · VXZ correlations
