STOK vs VXX: Correlation
Measured on weekly returns over the past three years, Stoke Therapeutics, Inc. (STOK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STOK and VXX?
Over the past 3 years, STOK and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1379.7 %².
Among the 12 assets we track against STOK, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with STOK ahead by 118.6 points (+68.9% versus -49.7%). One caveat on sizing: STOK is 1.5 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.
STOK vs VXX: side by side
| STOK (Stoke Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +68.9% | -49.7% |
| 5-year return | +23.8% | -95.6% |
| Volatility (ann.) | 93.2% | 60.9% |
| Beta vs S&P 500 | 1.80 | -3.31 |
| Max drawdown (3Y) | -66.3% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STOK | VXX |
|---|---|---|
| 2022 | -61.5% | -23.8% |
| 2023 | -43.0% | -72.5% |
| 2024 | +109.7% | -26.2% |
| 2025 | +187.8% | -42.2% |
| 2026 | +2.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STOK and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, STOK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between STOK and VXX?
The STOK/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.08, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for STOK?
Yes. With a correlation of -0.24, STOK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/stok-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stok-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STOK correlations · VXX correlations
