STRL vs VXZ: Correlation
How closely do Sterling Infrastructure, Inc. (STRL) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STRL and VXZ?
On 3 years of weekly data the STRL/VXZ correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.32 over 3 years. The 5-year figure is -0.35, and annualized covariance runs at -540.0 %².
Among the 20 assets we track against STRL, VXZ sits near the bottom by co-movement, at rank #18. Correlation aside, the last 12 months split them widely, with STRL ahead by 91.1 points (+75.0% versus -16.1%). One caveat on sizing: STRL is 2.6 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.
STRL vs VXZ: side by side
| STRL (Sterling Infrastructure, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +75.0% | -16.1% |
| 5-year return | +2095.9% | -53.1% |
| Volatility (ann.) | 66.9% | 25.6% |
| Beta vs S&P 500 | 2.13 | -1.31 |
| Max drawdown (3Y) | -51.1% | -36.4% |
| Market cap | $15.5B | – |
| P/E (trailing) | 36.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STRL | VXZ |
|---|---|---|
| 2022 | +24.7% | +0.5% |
| 2023 | +168.1% | -44.0% |
| 2024 | +91.6% | -12.7% |
| 2025 | +81.8% | +5.7% |
| 2026 | +65.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STRL and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between STRL and VXZ?
The STRL/VXZ correlation stands at -0.32 on a 3-year window (1 year: -0.04, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for STRL?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/strl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STRL correlations · VXZ correlations
