STC vs VXZ: Correlation
How closely do Stewart Information Services Corporation (STC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STC and VXZ?
Across a 3-year window, the weekly returns of STC and VXZ correlate at -0.44, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.33 versus -0.44 over 3 years. Stretching to 5 years gives -0.42, with an annualized covariance of -324.5 %².
VXZ is close to the least connected end of STC's tracked universe, ranking #12 of 12. The trailing year gives STC the advantage: -1.5% versus -16.1%, a 14.6-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.
STC vs VXZ: side by side
| STC (Stewart Information Services Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.5% | -16.1% |
| 5-year return | +29.2% | -53.1% |
| Volatility (ann.) | 28.9% | 25.6% |
| Beta vs S&P 500 | 0.74 | -1.31 |
| Max drawdown (3Y) | -24.7% | -36.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 3.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STC | VXZ |
|---|---|---|
| 2022 | -44.6% | +0.5% |
| 2023 | +43.3% | -44.0% |
| 2024 | +18.2% | -12.7% |
| 2025 | +7.2% | +5.7% |
| 2026 | +1.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between STC and VXZ?
The STC/VXZ correlation stands at -0.44 on a 3-year window (1 year: -0.33, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for STC?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
A reading of -0.44 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/stc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STC correlations · VXZ correlations
