STRL vs VXX: Correlation
How closely do Sterling Infrastructure, Inc. (STRL) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STRL and VXX?
On 3 years of weekly data the STRL/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.34). The 5-year figure is -0.34, and annualized covariance runs at -1389.8 %².
Among the 20 assets we track against STRL, VXX sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months STRL outperformed by 124.7 percentage points (+75.0% for STRL 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.
STRL vs VXX: side by side
| STRL (Sterling Infrastructure, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +75.0% | -49.7% |
| 5-year return | +2095.9% | -95.6% |
| Volatility (ann.) | 66.9% | 60.9% |
| Beta vs S&P 500 | 2.13 | -3.31 |
| Max drawdown (3Y) | -51.1% | -83.3% |
| Market cap | $15.5B | – |
| P/E (trailing) | 36.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STRL | VXX |
|---|---|---|
| 2022 | +24.7% | -23.8% |
| 2023 | +168.1% | -72.5% |
| 2024 | +91.6% | -26.2% |
| 2025 | +81.8% | -42.2% |
| 2026 | +65.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STRL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between STRL and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.11 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for STRL?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/strl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/strl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STRL correlations · VXX correlations
