ST vs VXZ: Correlation
Measured on weekly returns over the past three years, Sensata Technologies Holding plc (ST) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ST and VXZ?
Over the past 3 years, ST and VXZ moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.29) than the 3-year average (-0.41). Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -373.7 %².
VXZ is close to the least connected end of ST's tracked universe, ranking #12 of 13. The last year tells two different stories: ST led by 44.4 percentage points, +28.3% for ST against -16.1% for VXZ.
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 VXZ: side by side
| ST (Sensata Technologies Holding plc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +28.3% | -16.1% |
| 5-year return | -25.4% | -53.1% |
| Volatility (ann.) | 36.0% | 25.6% |
| Beta vs S&P 500 | 1.30 | -1.31 |
| Max drawdown (3Y) | -58.4% | -36.4% |
| Market cap | $6.2B | – |
| P/E (trailing) | 68.5 | – |
| Dividend yield | 1.13% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ST | VXZ |
|---|---|---|
| 2022 | -34.0% | +0.5% |
| 2023 | -5.9% | -44.0% |
| 2024 | -26.1% | -12.7% |
| 2025 | +23.5% | +5.7% |
| 2026 | +28.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ST and VXZ good diversifiers for each other?
Yes. With a correlation of -0.41, ST and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ST and VXZ?
The ST/VXZ correlation stands at -0.41 on a 3-year window (1 year: -0.29, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ST?
Yes. With a correlation of -0.41, ST and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/st-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/st-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ST correlations · VXZ correlations
