CBAT vs VXX: Correlation
Measured on weekly returns over the past three years, CBAK Energy Technology Limited (CBAT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAT and VXX?
Over the past 3 years, CBAT and VXX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -712.0 %².
Out of 10 assets tracked against CBAT, VXX lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with CBAT ahead by 43.6 points (-6.1% versus -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.
CBAT vs VXX: side by side
| CBAT (CBAK Energy Technology Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.1% | -49.7% |
| 5-year return | -73.0% | -95.6% |
| Volatility (ann.) | 60.3% | 60.9% |
| Beta vs S&P 500 | 0.75 | -3.31 |
| Max drawdown (3Y) | -74.1% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAT | VXX |
|---|---|---|
| 2022 | -36.5% | -23.8% |
| 2023 | +6.1% | -72.5% |
| 2024 | -10.5% | -26.2% |
| 2025 | -10.6% | -42.2% |
| 2026 | +2.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAT and VXX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CBAT and VXX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.13 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for CBAT?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbat-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbat-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CBAT correlations · VXX correlations
