CCSI vs VXX: Correlation
Consensus Cloud Solutions, Inc. (CCSI) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCSI and VXX?
On 3 years of weekly data the CCSI/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is -0.26, and annualized covariance runs at -1130.8 %².
Among the 16 assets we track against CCSI, VXX sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with CCSI ahead by 99.1 points (+49.4% 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.
CCSI vs VXX: side by side
| CCSI (Consensus Cloud Solutions, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.4% | -49.7% |
| 5-year return | +11.8% | -95.6% |
| Volatility (ann.) | 66.1% | 60.9% |
| Beta vs S&P 500 | 1.27 | -3.31 |
| Max drawdown (3Y) | -63.8% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCSI | VXX |
|---|---|---|
| 2022 | -7.1% | -23.8% |
| 2023 | -51.2% | -72.5% |
| 2024 | -9.0% | -26.2% |
| 2025 | -8.5% | -42.2% |
| 2026 | +82.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCSI and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, CCSI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCSI and VXX?
As of 2026-08-27, the correlation of weekly returns between CCSI and VXX is -0.28 over 3 years, -0.20 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for CCSI?
Yes. With a correlation of -0.28, CCSI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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/ccsi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccsi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCSI correlations · VXX correlations
