STNE vs VXX: Correlation
StoneCo Ltd. - Class A Common Share (STNE) 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 -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STNE and VXX?
On 3 years of weekly data the STNE/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.48 lands near the 3-year figure. The 5-year figure is -0.38, and annualized covariance runs at -1235.7 %².
Among the 13 assets we track against STNE, VXX sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months STNE outperformed by 22.4 percentage points (-27.3% for STNE against -49.7% for VXX).
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.
STNE vs VXX: side by side
| STNE (StoneCo Ltd. - Class A Common Share) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.3% | -49.7% |
| 5-year return | -76.6% | -95.6% |
| Volatility (ann.) | 48.1% | 60.9% |
| Beta vs S&P 500 | 1.41 | -3.31 |
| Max drawdown (3Y) | -57.6% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 3.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STNE | VXX |
|---|---|---|
| 2022 | -44.0% | -23.8% |
| 2023 | +91.0% | -72.5% |
| 2024 | -55.8% | -26.2% |
| 2025 | +85.6% | -42.2% |
| 2026 | -21.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STNE and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, STNE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between STNE and VXX?
The STNE/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.48, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for STNE?
Yes. With a correlation of -0.42, STNE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
A reading of -0.42 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/stne-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stne-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STNE correlations · VXX correlations
