STGW vs VXX: Correlation
Stagwell Inc. (STGW) 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 -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STGW and VXX?
On 3 years of weekly data the STGW/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.41). The 5-year figure is -0.37, and annualized covariance runs at -1218.9 %².
VXX is close to the least connected end of STGW's tracked universe, ranking #12 of 13. Correlation aside, the last 12 months split them widely, with STGW ahead by 108.8 points (+59.1% versus -49.7%).
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.
STGW vs VXX: side by side
| STGW (Stagwell Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.1% | -49.7% |
| 5-year return | +30.4% | -95.6% |
| Volatility (ann.) | 49.1% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -48.6% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 148.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STGW | VXX |
|---|---|---|
| 2022 | -28.4% | -23.8% |
| 2023 | +6.8% | -72.5% |
| 2024 | -0.8% | -26.2% |
| 2025 | -25.7% | -42.2% |
| 2026 | +81.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STGW and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, STGW and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between STGW and VXX?
The STGW/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.06, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for STGW?
Yes. With a correlation of -0.41, STGW and VXX 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/stgw-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stgw-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STGW correlations · VXX correlations
