SSD vs VXZ: Correlation
Simpson Manufacturing Company, Inc. (SSD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSD and VXZ?
Over the past 3 years, SSD and VXZ moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.27) runs above the 3-year figure (-0.40). Over 5 years the correlation is -0.43, and the annualized covariance of weekly returns is -304.5 %².
Among the 18 assets we track against SSD, VXZ sits near the bottom by co-movement, at rank #18. The trailing year gives SSD the advantage: -5.3% versus -16.1%, a 10.8-point spread.
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 VXZ: side by side
| SSD (Simpson Manufacturing Company, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.3% | -16.1% |
| 5-year return | +65.7% | -53.1% |
| Volatility (ann.) | 29.5% | 25.6% |
| Beta vs S&P 500 | 0.89 | -1.31 |
| Max drawdown (3Y) | -34.4% | -36.4% |
| Market cap | $7.5B | – |
| P/E (trailing) | 20.3 | – |
| Dividend yield | 0.63% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSD | VXZ |
|---|---|---|
| 2022 | -35.6% | +0.5% |
| 2023 | +125.4% | -44.0% |
| 2024 | -15.7% | -12.7% |
| 2025 | -1.9% | +5.7% |
| 2026 | +13.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSD and VXZ good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SSD and VXZ?
The SSD/VXZ correlation stands at -0.40 on a 3-year window (1 year: -0.27, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SSD?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/ssd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SSD correlations · VXZ correlations
