STEW vs VXX: Correlation
How closely do SRH Total Return Fund, Inc. (STEW) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.62, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STEW and VXX?
Over the past 3 years, STEW and VXX moved with a correlation of -0.62, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.51 versus -0.62 over 3 years. Over 5 years the correlation is -0.56, and the annualized covariance of weekly returns is -536.0 %².
Out of 26 assets tracked against STEW, VXX lands near the bottom at #25. Their recent paths diverged sharply: over the last 12 months STEW outperformed by 54.9 percentage points (+5.2% for STEW against -49.7% for VXX). Risk is not evenly split, since VXX carries 4.3 times the volatility of the other side.
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.
STEW vs VXX: side by side
| STEW (SRH Total Return Fund, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.2% | -49.7% |
| 5-year return | +61.2% | -95.6% |
| Volatility (ann.) | 14.1% | 60.9% |
| Beta vs S&P 500 | 0.67 | -3.31 |
| Max drawdown (3Y) | -10.5% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 3.91% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STEW | VXX |
|---|---|---|
| 2022 | -7.3% | -23.8% |
| 2023 | +13.5% | -72.5% |
| 2024 | +19.9% | -26.2% |
| 2025 | +20.3% | -42.2% |
| 2026 | +3.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STEW and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
FAQ
What is the correlation between STEW and VXX?
As of 2026-08-27, the correlation of weekly returns between STEW and VXX is -0.62 over 3 years, -0.51 over 1 year and -0.56 over 5 years.
Is VXX a good diversifier for STEW?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
What does a correlation of -0.62 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/stew-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stew-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STEW correlations · VXX correlations
