ST vs VXX: Correlation
Measured on weekly returns over the past three years, Sensata Technologies Holding plc (ST) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ST and VXX?
Across a 3-year window, the weekly returns of ST and VXX correlate at -0.49, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.45 lands near the 3-year figure. Stretching to 5 years gives -0.47, with an annualized covariance of -1082.5 %².
Out of 13 assets tracked against ST, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ST outperformed by 78.0 percentage points (+28.3% for ST against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.7 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.
ST vs VXX: side by side
| ST (Sensata Technologies Holding plc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +28.3% | -49.7% |
| 5-year return | -25.4% | -95.6% |
| Volatility (ann.) | 36.0% | 60.9% |
| Beta vs S&P 500 | 1.30 | -3.31 |
| Max drawdown (3Y) | -58.4% | -83.3% |
| Market cap | $6.2B | – |
| P/E (trailing) | 68.5 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ST | VXX |
|---|---|---|
| 2022 | -34.0% | -23.8% |
| 2023 | -5.9% | -72.5% |
| 2024 | -26.1% | -26.2% |
| 2025 | +23.5% | -42.2% |
| 2026 | +28.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ST and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ST and VXX?
Using weekly returns as of 2026-08-27: -0.49 over 3 years, with -0.45 over the last year and -0.47 over 5 years.
Is VXX a good diversifier for ST?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/st-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/st-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ST correlations · VXX correlations
