CCSI vs VXZ: Correlation
Measured on weekly returns over the past three years, Consensus Cloud Solutions, Inc. (CCSI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCSI and VXZ?
Across a 3-year window, the weekly returns of CCSI and VXZ correlate at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.28 over 3. Stretching to 5 years gives -0.27, with an annualized covariance of -466.3 %².
Out of 16 assets tracked against CCSI, VXZ lands near the bottom at #16. The last year tells two different stories: CCSI led by 65.5 percentage points, +49.4% for CCSI against -16.1% for VXZ. One caveat on sizing: CCSI is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VXZ: side by side
| CCSI (Consensus Cloud Solutions, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.4% | -16.1% |
| 5-year return | +11.8% | -53.1% |
| Volatility (ann.) | 66.1% | 25.6% |
| Beta vs S&P 500 | 1.27 | -1.31 |
| Max drawdown (3Y) | -63.8% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCSI | VXZ |
|---|---|---|
| 2022 | -7.1% | +0.5% |
| 2023 | -51.2% | -44.0% |
| 2024 | -9.0% | -12.7% |
| 2025 | -8.5% | +5.7% |
| 2026 | +82.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCSI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCSI and VXZ?
The CCSI/VXZ correlation stands at -0.28 on a 3-year window (1 year: -0.25, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CCSI?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/ccsi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccsi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCSI correlations · VXZ correlations
