STT vs VXX: Correlation
State Street Corporation (STT) 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 -0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STT and VXX?
Over the past 3 years, STT and VXX moved with a correlation of -0.62, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.61 over 1 year against -0.62 over 3. Over 5 years the correlation is -0.54, and the annualized covariance of weekly returns is -872.0 %².
Among the 32 assets we track against STT, VXX sits near the bottom by co-movement, at rank #32. Their recent paths diverged sharply: over the last 12 months STT outperformed by 122.4 percentage points (+72.7% for STT against -49.7% for VXX). One caveat on sizing: VXX is 2.7 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.
STT vs VXX: side by side
| STT (State Street Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +72.7% | -49.7% |
| 5-year return | +144.9% | -95.6% |
| Volatility (ann.) | 22.9% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -25.7% | -83.3% |
| Market cap | $53.1B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 1.74% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | STT | VXX |
|---|---|---|
| 2022 | -13.8% | -23.8% |
| 2023 | +3.5% | -72.5% |
| 2024 | +30.2% | -26.2% |
| 2025 | +35.5% | -42.2% |
| 2026 | +52.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
FAQ
What is the correlation between STT and VXX?
Using weekly returns as of 2026-08-27: -0.62 over 3 years, with -0.61 over the last year and -0.54 over 5 years.
Is VXX a good diversifier for STT?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
What does a correlation of -0.62 mean?
On the −1 to +1 scale, -0.62 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/stt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STT correlations · VXX correlations
