SXTP vs VXX: Correlation
Measured on weekly returns over the past three years, 60 Degrees Pharmaceuticals, Inc. (SXTP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SXTP and VXX?
Across a 3-year window, the weekly returns of SXTP and VXX correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1737.8 %².
Among the 12 assets we track against SXTP, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: VXX led by 28.9 percentage points, -78.6% for SXTP against -49.7% for VXX. One caveat on sizing: SXTP is 2.1 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.
SXTP vs VXX: side by side
| SXTP (60 Degrees Pharmaceuticals, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -78.6% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 125.4% | 60.9% |
| Beta vs S&P 500 | 2.11 | -3.31 |
| Max drawdown (3Y) | -99.7% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SXTP | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | -89.5% | -26.2% |
| 2025 | -92.1% | -42.2% |
| 2026 | -47.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SXTP 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 SXTP and VXX?
As of 2026-08-27, the correlation of weekly returns between SXTP and VXX is -0.23 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is VXX a good diversifier for SXTP?
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?
A reading of -0.23 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/sxtp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sxtp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SXTP correlations · VXX correlations
