SWK vs VXX: Correlation
Stanley Black & Decker (SWK) 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 -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWK and VXX?
On 3 years of weekly data the SWK/VXX correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.43 lands near the 3-year figure. The 5-year figure is -0.44, and annualized covariance runs at -926.3 %².
VXX is close to the least connected end of SWK's tracked universe, ranking #54 of 55. Correlation aside, the last 12 months split them widely, with SWK ahead by 86.7 points (+37.0% versus -49.7%). Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SWK vs VXX: side by side
| SWK (Stanley Black & Decker) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.0% | -49.7% |
| 5-year return | -39.1% | -95.6% |
| Volatility (ann.) | 35.4% | 60.9% |
| Beta vs S&P 500 | 1.19 | -3.31 |
| Max drawdown (3Y) | -48.3% | -83.3% |
| Market cap | $15.0B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 3.33% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | SWK | VXX |
|---|---|---|
| 2022 | -58.9% | -23.8% |
| 2023 | +35.6% | -72.5% |
| 2024 | -15.2% | -26.2% |
| 2025 | -3.2% | -42.2% |
| 2026 | +36.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWK and VXX good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SWK and VXX?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.43 over the last year and -0.44 over 5 years.
Is VXX a good diversifier for SWK?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 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/swk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SWK correlations · VXX correlations
