SSYS vs VXX: Correlation
Stratasys, Ltd. (SSYS) 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 SSYS and VXX?
Over the past 3 years, SSYS and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.49 lands near the 3-year figure. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -1217.8 %².
VXX is close to the least connected end of SSYS's tracked universe, ranking #11 of 11. The last year tells two different stories: SSYS led by 22.0 percentage points, -27.7% for SSYS against -49.7% for VXX.
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.
SSYS vs VXX: side by side
| SSYS (Stratasys, Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.7% | -49.7% |
| 5-year return | -61.1% | -95.6% |
| Volatility (ann.) | 50.7% | 60.9% |
| Beta vs S&P 500 | 1.38 | -3.31 |
| Max drawdown (3Y) | -58.4% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSYS | VXX |
|---|---|---|
| 2022 | -51.6% | -23.8% |
| 2023 | +20.4% | -72.5% |
| 2024 | -37.7% | -26.2% |
| 2025 | -2.4% | -42.2% |
| 2026 | -8.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSYS and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, SSYS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SSYS and VXX?
The SSYS/VXX correlation stands at -0.39 on a 3-year window (1 year: -0.49, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SSYS?
Yes. With a correlation of -0.39, SSYS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/ssys-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssys-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SSYS correlations · VXX correlations
