CDLX vs VXX: Correlation
Cardlytics, Inc. (CDLX) 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 -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDLX and VXX?
On 3 years of weekly data the CDLX/VXX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.22 over 3. The 5-year figure is -0.23, and annualized covariance runs at -1824.6 %².
VXX is close to the least connected end of CDLX's tracked universe, ranking #15 of 15. On 12-month performance VXX holds a 11.4-point edge, -61.1% against -49.7%. Risk is not evenly split, since CDLX carries 2.2 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.
CDLX vs VXX: side by side
| CDLX (Cardlytics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -61.1% | -49.7% |
| 5-year return | -99.6% | -95.6% |
| Volatility (ann.) | 134.2% | 60.9% |
| Beta vs S&P 500 | 2.27 | -3.31 |
| Max drawdown (3Y) | -98.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDLX | VXX |
|---|---|---|
| 2022 | -91.3% | -23.8% |
| 2023 | +59.3% | -72.5% |
| 2024 | -59.7% | -26.2% |
| 2025 | -69.0% | -42.2% |
| 2026 | -65.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDLX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDLX and VXX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.18 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for CDLX?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/cdlx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdlx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDLX correlations · VXX correlations
