STT vs VXZ: Correlation
Measured on weekly returns over the past three years, State Street Corporation (STT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.60, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STT and VXZ?
Over the past 3 years, STT and VXZ moved with a correlation of -0.60, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.57 over 1 year against -0.60 over 3. Over 5 years the correlation is -0.58, and the annualized covariance of weekly returns is -354.7 %².
VXZ is close to the least connected end of STT's tracked universe, ranking #31 of 32. Correlation aside, the last 12 months split them widely, with STT ahead by 88.8 points (+72.7% versus -16.1%).
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 VXZ: side by side
| STT (State Street Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +72.7% | -16.1% |
| 5-year return | +144.9% | -53.1% |
| Volatility (ann.) | 22.9% | 25.6% |
| Beta vs S&P 500 | 0.97 | -1.31 |
| Max drawdown (3Y) | -25.7% | -36.4% |
| Market cap | $53.1B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 1.74% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | STT | VXZ |
|---|---|---|
| 2022 | -13.8% | +0.5% |
| 2023 | +3.5% | -44.0% |
| 2024 | +30.2% | -12.7% |
| 2025 | +35.5% | +5.7% |
| 2026 | +52.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.60, STT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between STT and VXZ?
As of 2026-08-27, the correlation of weekly returns between STT and VXZ is -0.60 over 3 years, -0.57 over 1 year and -0.58 over 5 years.
Is VXZ a good diversifier for STT?
Yes. With a correlation of -0.60, STT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.60 mean?
A reading of -0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/stt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STT correlations · VXZ correlations
