STN vs VXX: Correlation
Measured on weekly returns over the past three years, Stantec Inc (STN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STN and VXX?
Over the past 3 years, STN and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -443.7 %².
VXX is close to the least connected end of STN's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months STN outperformed by 18.3 percentage points (-31.4% for STN against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
STN vs VXX: side by side
| STN (Stantec Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -31.4% | -49.7% |
| 5-year return | +62.2% | -95.6% |
| Volatility (ann.) | 24.1% | 60.9% |
| Beta vs S&P 500 | 0.70 | -3.31 |
| Max drawdown (3Y) | -41.0% | -83.3% |
| Market cap | $8.4B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STN | VXX |
|---|---|---|
| 2022 | -13.8% | -23.8% |
| 2023 | +68.8% | -72.5% |
| 2024 | -1.4% | -26.2% |
| 2025 | +20.7% | -42.2% |
| 2026 | -20.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between STN and VXX?
As of 2026-08-27, the correlation of weekly returns between STN and VXX is -0.30 over 3 years, -0.33 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for STN?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/stn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STN correlations · VXX correlations
