CASS vs VXX: Correlation
Cass Information Systems, Inc (CASS) 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 -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASS and VXX?
Across a 3-year window, the weekly returns of CASS and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.41). Stretching to 5 years gives -0.34, with an annualized covariance of -584.0 %².
VXX is close to the least connected end of CASS's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months CASS outperformed by 85.8 percentage points (+36.1% for CASS against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.6 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.
CASS vs VXX: side by side
| CASS (Cass Information Systems, Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.1% | -49.7% |
| 5-year return | +45.6% | -95.6% |
| Volatility (ann.) | 23.2% | 60.9% |
| Beta vs S&P 500 | 0.66 | -3.31 |
| Max drawdown (3Y) | -20.5% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 2.23% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CASS | VXX |
|---|---|---|
| 2022 | +20.0% | -23.8% |
| 2023 | +1.1% | -72.5% |
| 2024 | -6.7% | -26.2% |
| 2025 | +4.5% | -42.2% |
| 2026 | +38.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASS 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 CASS and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.17 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for CASS?
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?
A reading of -0.41 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/cass-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cass-vs-vxx/)
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Related comparisons
Hubs: CASS correlations · VXX correlations
