SSNC vs VXX: Correlation
Measured on weekly returns over the past three years, SS&C Technologies Holdings, Inc. (SSNC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSNC and VXX?
On 3 years of weekly data the SSNC/VXX correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.36) than the 3-year average (-0.47). The 5-year figure is -0.47, and annualized covariance runs at -658.2 %².
VXX is close to the least connected end of SSNC's tracked universe, ranking #24 of 25. Their recent paths diverged sharply: over the last 12 months SSNC outperformed by 44.3 percentage points (-5.4% for SSNC against -49.7% for VXX). One caveat on sizing: VXX is 2.6 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.
SSNC vs VXX: side by side
| SSNC (SS&C Technologies Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.4% | -49.7% |
| 5-year return | +17.5% | -95.6% |
| Volatility (ann.) | 23.0% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -30.4% | -83.3% |
| Market cap | $19.6B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSNC | VXX |
|---|---|---|
| 2022 | -35.7% | -23.8% |
| 2023 | +19.2% | -72.5% |
| 2024 | +25.8% | -26.2% |
| 2025 | +16.8% | -42.2% |
| 2026 | -3.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSNC and VXX good diversifiers for each other?
Yes. With a correlation of -0.47, SSNC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SSNC and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.36 over the last year and -0.47 over 5 years.
Is VXX a good diversifier for SSNC?
Yes. With a correlation of -0.47, SSNC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/ssnc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssnc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SSNC correlations · VXX correlations
