SXT vs VXX: Correlation
Sensient Technologies Corporation (SXT) 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 -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SXT and VXX?
On 3 years of weekly data the SXT/VXX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. The 5-year figure is -0.29, and annualized covariance runs at -484.0 %².
Among the 12 assets we track against SXT, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: SXT led by 69.2 percentage points, +19.5% for SXT against -49.7% for VXX. One caveat on sizing: VXX is 1.8 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.
SXT vs VXX: side by side
| SXT (Sensient Technologies Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.5% | -49.7% |
| 5-year return | +70.0% | -95.6% |
| Volatility (ann.) | 34.2% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -30.7% | -83.3% |
| Market cap | $5.7B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SXT | VXX |
|---|---|---|
| 2022 | -25.6% | -23.8% |
| 2023 | -7.2% | -72.5% |
| 2024 | +10.5% | -26.2% |
| 2025 | +34.2% | -42.2% |
| 2026 | +43.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SXT and VXX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SXT and VXX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.15 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for SXT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/sxt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sxt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SXT correlations · VXX correlations
