CCBG vs VXX: Correlation
Capital City Bank Group (CCBG) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCBG and VXX?
On 3 years of weekly data the CCBG/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.21 versus -0.38 over 3 years. The 5-year figure is -0.35, and annualized covariance runs at -593.1 %².
Among the 13 assets we track against CCBG, VXX sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months CCBG outperformed by 69.6 percentage points (+19.9% for CCBG against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.4 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.
CCBG vs VXX: side by side
| CCBG (Capital City Bank Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.9% | -49.7% |
| 5-year return | +154.3% | -95.6% |
| Volatility (ann.) | 25.9% | 60.9% |
| Beta vs S&P 500 | 0.53 | -3.31 |
| Max drawdown (3Y) | -16.5% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 2.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCBG | VXX |
|---|---|---|
| 2022 | +25.8% | -23.8% |
| 2023 | -7.1% | -72.5% |
| 2024 | +28.1% | -26.2% |
| 2025 | +19.1% | -42.2% |
| 2026 | +21.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCBG and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCBG and VXX?
The CCBG/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.21, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CCBG?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
A reading of -0.38 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/ccbg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccbg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCBG correlations · VXX correlations
