CALX vs VXX: Correlation
How closely do Calix, Inc (CALX) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALX and VXX?
On 3 years of weekly data the CALX/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.32, and annualized covariance runs at -730.2 %².
Among the 10 assets we track against CALX, VXX sits near the bottom by co-movement, at rank #8. Over the last 12 months CALX came out ahead by 13.2 percentage points (-36.5% against -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.
CALX vs VXX: side by side
| CALX (Calix, Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -36.5% | -49.7% |
| 5-year return | -20.0% | -95.6% |
| Volatility (ann.) | 42.1% | 60.9% |
| Beta vs S&P 500 | 1.14 | -3.31 |
| Max drawdown (3Y) | -48.6% | -83.3% |
| Market cap | $2.4B | – |
| P/E (trailing) | 50.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALX | VXX |
|---|---|---|
| 2022 | -14.4% | -23.8% |
| 2023 | -36.2% | -72.5% |
| 2024 | -20.2% | -26.2% |
| 2025 | +51.8% | -42.2% |
| 2026 | -28.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CALX and VXX?
As of 2026-08-27, the correlation of weekly returns between CALX and VXX is -0.28 over 3 years, -0.24 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for CALX?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/calx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/calx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CALX correlations · VXX correlations
