STHO vs VXX: Correlation
How closely do Star Holdings - Shares of Beneficial Interest (STHO) 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 -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STHO and VXX?
Across a 3-year window, the weekly returns of STHO and VXX correlate at -0.43, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.43). Stretching to 5 years gives n/a, with an annualized covariance of -929.0 %².
Out of 15 assets tracked against STHO, VXX lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with STHO ahead by 66.4 points (+16.7% versus -49.7%). One caveat on sizing: VXX is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
STHO vs VXX: side by side
| STHO (Star Holdings - Shares of Beneficial Interest) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.7% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 35.5% | 60.9% |
| Beta vs S&P 500 | 0.88 | -3.31 |
| Max drawdown (3Y) | -59.4% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 8.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STHO | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | -35.0% | -26.2% |
| 2025 | -15.4% | -42.2% |
| 2026 | +19.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STHO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between STHO and VXX?
The STHO/VXX correlation stands at -0.43 on a 3-year window (1 year: -0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for STHO?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 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/stho-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stho-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STHO correlations · VXX correlations
