SSD vs VXX: Correlation
Simpson Manufacturing Company, Inc. (SSD) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSD and VXX?
Over the past 3 years, SSD and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.39 over 3 years. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -696.5 %².
VXX is close to the least connected end of SSD's tracked universe, ranking #17 of 18. The last year tells two different stories: SSD led by 44.4 percentage points, -5.3% for SSD against -49.7% for VXX. One caveat on sizing: VXX is 2.1 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.
SSD vs VXX: side by side
| SSD (Simpson Manufacturing Company, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.3% | -49.7% |
| 5-year return | +65.7% | -95.6% |
| Volatility (ann.) | 29.5% | 60.9% |
| Beta vs S&P 500 | 0.89 | -3.31 |
| Max drawdown (3Y) | -34.4% | -83.3% |
| Market cap | $7.5B | – |
| P/E (trailing) | 20.3 | – |
| Dividend yield | 0.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSD | VXX |
|---|---|---|
| 2022 | -35.6% | -23.8% |
| 2023 | +125.4% | -72.5% |
| 2024 | -15.7% | -26.2% |
| 2025 | -1.9% | -42.2% |
| 2026 | +13.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between SSD and VXX?
As of 2026-08-27, the correlation of weekly returns between SSD and VXX is -0.39 over 3 years, -0.14 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for SSD?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/ssd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SSD correlations · VXX correlations
