STRA vs VXX: Correlation
Strategic Education, Inc. (STRA) 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 -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STRA and VXX?
Over the past 3 years, STRA and VXX moved with a correlation of -0.45, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.45 over 3 years. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -962.4 %².
Out of 13 assets tracked against STRA, VXX lands near the bottom at #13. The last year tells two different stories: STRA led by 57.8 percentage points, +8.1% for STRA against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.8 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.
STRA vs VXX: side by side
| STRA (Strategic Education, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.1% | -49.7% |
| 5-year return | +27.6% | -95.6% |
| Volatility (ann.) | 34.7% | 60.9% |
| Beta vs S&P 500 | 0.80 | -3.31 |
| Max drawdown (3Y) | -38.1% | -83.3% |
| Market cap | $1.9B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 2.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STRA | VXX |
|---|---|---|
| 2022 | +40.4% | -23.8% |
| 2023 | +21.4% | -72.5% |
| 2024 | +3.5% | -26.2% |
| 2025 | -11.6% | -42.2% |
| 2026 | +8.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STRA and VXX good diversifiers for each other?
Yes. With a correlation of -0.45, STRA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between STRA and VXX?
The STRA/VXX correlation stands at -0.45 on a 3-year window (1 year: -0.26, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for STRA?
Yes. With a correlation of -0.45, STRA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.45 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/stra-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stra-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STRA correlations · VXX correlations
