CCK vs VXX: Correlation
Measured on weekly returns over the past three years, Crown Holdings, Inc. (CCK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCK and VXX?
On 3 years of weekly data the CCK/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.27 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -407.5 %².
Out of 14 assets tracked against CCK, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months CCK outperformed by 68.7 percentage points (+19.0% for CCK 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.
CCK vs VXX: side by side
| CCK (Crown Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.0% | -49.7% |
| 5-year return | +12.7% | -95.6% |
| Volatility (ann.) | 24.9% | 60.9% |
| Beta vs S&P 500 | 0.48 | -3.31 |
| Max drawdown (3Y) | -23.1% | -83.3% |
| Market cap | $12.8B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCK | VXX |
|---|---|---|
| 2022 | -25.0% | -23.8% |
| 2023 | +13.3% | -72.5% |
| 2024 | -9.1% | -26.2% |
| 2025 | +25.9% | -42.2% |
| 2026 | +15.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCK and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, CCK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCK and VXX?
As of 2026-08-27, the correlation of weekly returns between CCK and VXX is -0.27 over 3 years, -0.39 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for CCK?
Yes. With a correlation of -0.27, CCK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/cck-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cck-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCK correlations · VXX correlations
