CC vs VXX: Correlation
Measured on weekly returns over the past three years, Chemours Company (The) (CC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CC and VXX?
Across a 3-year window, the weekly returns of CC and VXX correlate at -0.37, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.37). Stretching to 5 years gives -0.39, with an annualized covariance of -1342.5 %².
Among the 13 assets we track against CC, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with CC ahead by 56.2 points (+6.5% 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.
CC vs VXX: side by side
| CC (Chemours Company (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.5% | -49.7% |
| 5-year return | -44.8% | -95.6% |
| Volatility (ann.) | 59.7% | 60.9% |
| Beta vs S&P 500 | 1.61 | -3.31 |
| Max drawdown (3Y) | -70.9% | -83.3% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CC | VXX |
|---|---|---|
| 2022 | -6.0% | -23.8% |
| 2023 | +6.5% | -72.5% |
| 2024 | -44.0% | -26.2% |
| 2025 | -27.6% | -42.2% |
| 2026 | +36.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CC and VXX good diversifiers for each other?
Yes. With a correlation of -0.37, CC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CC and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.19 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for CC?
Yes. With a correlation of -0.37, CC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
A reading of -0.37 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/cc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CC correlations · VXX correlations
