CCC vs VXZ: Correlation
Measured on weekly returns over the past three years, CCC Intelligent Solutions Holdings Inc. (CCC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCC and VXZ?
On 3 years of weekly data the CCC/VXZ correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is -0.28, and annualized covariance runs at -256.2 %².
Out of 21 assets tracked against CCC, VXZ lands near the bottom at #20. On 12-month performance VXZ holds a 6.6-point edge, -22.7% against -16.1%. Note the risk asymmetry: CCC runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CCC vs VXZ: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -22.7% | -16.1% |
| 5-year return | -30.0% | -53.1% |
| Volatility (ann.) | 39.5% | 25.6% |
| Beta vs S&P 500 | 0.83 | -1.31 |
| Max drawdown (3Y) | -68.4% | -36.4% |
| Market cap | $4.5B | – |
| P/E (trailing) | 108.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCC | VXZ |
|---|---|---|
| 2022 | -23.6% | +0.5% |
| 2023 | +30.9% | -44.0% |
| 2024 | +3.0% | -12.7% |
| 2025 | -32.2% | +5.7% |
| 2026 | -4.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCC and VXZ?
As of 2026-08-27, the correlation of weekly returns between CCC and VXZ is -0.25 over 3 years, -0.21 over 1 year and -0.28 over 5 years.
Is VXZ a good diversifier for CCC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/ccc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCC correlations · VXZ correlations
