CAMT vs VXX: Correlation
Measured on weekly returns over the past three years, Camtek Ltd. (CAMT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAMT and VXX?
Across a 3-year window, the weekly returns of CAMT and VXX correlate at -0.40, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.22 versus -0.40 over 3 years. Stretching to 5 years gives -0.41, with an annualized covariance of -1413.0 %².
Out of 10 assets tracked against CAMT, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months CAMT outperformed by 116.3 percentage points (+66.6% for CAMT against -49.7% for VXX).
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.
CAMT vs VXX: side by side
| CAMT (Camtek Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +66.6% | -49.7% |
| 5-year return | +253.0% | -95.6% |
| Volatility (ann.) | 57.7% | 60.9% |
| Beta vs S&P 500 | 1.95 | -3.31 |
| Max drawdown (3Y) | -63.2% | -83.3% |
| Market cap | $6.8B | – |
| P/E (trailing) | 193.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAMT | VXX |
|---|---|---|
| 2022 | -52.3% | -23.8% |
| 2023 | +215.9% | -72.5% |
| 2024 | +18.3% | -26.2% |
| 2025 | +31.7% | -42.2% |
| 2026 | +36.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAMT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between CAMT and VXX?
The CAMT/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.22, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CAMT?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/camt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/camt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAMT correlations · VXX correlations
