SVM vs VXX: Correlation
Measured on weekly returns over the past three years, Silvercorp Metals Inc. (SVM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SVM and VXX?
Across a 3-year window, the weekly returns of SVM and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.25 over 3. Stretching to 5 years gives -0.23, with an annualized covariance of -911.2 %².
Among the 21 assets we track against SVM, VXX sits near the bottom by co-movement, at rank #21. Correlation aside, the last 12 months split them widely, with SVM ahead by 237.6 points (+187.9% versus -49.7%).
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.
SVM vs VXX: side by side
| SVM (Silvercorp Metals Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +187.9% | -49.7% |
| 5-year return | +222.0% | -95.6% |
| Volatility (ann.) | 59.2% | 60.9% |
| Beta vs S&P 500 | 1.33 | -3.31 |
| Max drawdown (3Y) | -43.8% | -83.3% |
| Market cap | $3.0B | – |
| P/E (trailing) | 122.4 | – |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SVM | VXX |
|---|---|---|
| 2022 | -20.6% | -23.8% |
| 2023 | -10.3% | -72.5% |
| 2024 | +14.9% | -26.2% |
| 2025 | +178.8% | -42.2% |
| 2026 | +61.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SVM and VXX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SVM and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.31 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for SVM?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/svm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/svm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SVM correlations · VXX correlations
