CACC vs VXX: Correlation
How closely do Credit Acceptance Corporation (CACC) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CACC and VXX?
On 3 years of weekly data the CACC/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.41 over 3 years. The 5-year figure is -0.39, and annualized covariance runs at -920.2 %².
Among the 10 assets we track against CACC, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months CACC outperformed by 67.4 percentage points (+17.7% for CACC against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.7 times the volatility of the other side.
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.
CACC vs VXX: side by side
| CACC (Credit Acceptance Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.7% | -49.7% |
| 5-year return | +4.2% | -95.6% |
| Volatility (ann.) | 36.8% | 60.9% |
| Beta vs S&P 500 | 1.30 | -3.31 |
| Max drawdown (3Y) | -32.7% | -83.3% |
| Market cap | $6.2B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CACC | VXX |
|---|---|---|
| 2022 | -31.0% | -23.8% |
| 2023 | +12.3% | -72.5% |
| 2024 | -11.9% | -26.2% |
| 2025 | -5.5% | -42.2% |
| 2026 | +35.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CACC and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CACC and VXX?
The CACC/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.19, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CACC?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/cacc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cacc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CACC correlations · VXX correlations
