CCLD vs VXZ: Correlation
Measured on weekly returns over the past three years, CareCloud, Inc. (CCLD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and VXZ?
Over the past 3 years, CCLD and VXZ moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.23 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -735.8 %².
VXZ is close to the least connected end of CCLD's tracked universe, ranking #13 of 15. On 12-month performance VXZ holds a 12.2-point edge, -28.3% against -16.1%. Risk is not evenly split, since CCLD carries 4.9 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.
CCLD vs VXZ: side by side
| CCLD (CareCloud, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -28.3% | -16.1% |
| 5-year return | -67.7% | -53.1% |
| Volatility (ann.) | 126.0% | 25.6% |
| Beta vs S&P 500 | 2.06 | -1.31 |
| Max drawdown (3Y) | -74.2% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 38.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCLD | VXZ |
|---|---|---|
| 2022 | -55.5% | +0.5% |
| 2023 | -45.9% | -44.0% |
| 2024 | +140.8% | -12.7% |
| 2025 | -20.2% | +5.7% |
| 2026 | -8.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and VXZ good diversifiers for each other?
Yes. With a correlation of -0.23, CCLD and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCLD and VXZ?
The CCLD/VXZ correlation stands at -0.23 on a 3-year window (1 year: -0.05, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CCLD?
Yes. With a correlation of -0.23, CCLD and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/ccld-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccld-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCLD correlations · VXZ correlations
