SVC vs VXX: Correlation
How closely do Service Properties Trust (SVC) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SVC and VXX?
Across a 3-year window, the weekly returns of SVC and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.26). Stretching to 5 years gives -0.28, with an annualized covariance of -813.9 %².
VXX is close to the least connected end of SVC's tracked universe, ranking #10 of 10. The trailing year gives SVC the advantage: -42.8% versus -49.7%, a 6.9-point spread.
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.
SVC vs VXX: side by side
| SVC (Service Properties Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -42.8% | -49.7% |
| 5-year return | -82.5% | -95.6% |
| Volatility (ann.) | 51.8% | 60.9% |
| Beta vs S&P 500 | 1.12 | -3.31 |
| Max drawdown (3Y) | -84.7% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SVC | VXX |
|---|---|---|
| 2022 | -14.5% | -23.8% |
| 2023 | +29.1% | -72.5% |
| 2024 | -67.3% | -26.2% |
| 2025 | -26.3% | -42.2% |
| 2026 | -15.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SVC and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SVC and VXX?
As of 2026-08-27, the correlation of weekly returns between SVC and VXX is -0.26 over 3 years, -0.14 over 1 year and -0.28 over 5 years.
Is VXX a good diversifier for SVC?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/svc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/svc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SVC correlations · VXX correlations
