CDNS vs VXX: Correlation
Cadence Design Systems (CDNS) 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 -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNS and VXX?
Over the past 3 years, CDNS and VXX moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -915.4 %².
Out of 34 assets tracked against CDNS, VXX lands near the bottom at #33. The last year tells two different stories: CDNS led by 49.9 percentage points, +0.2% for CDNS against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CDNS vs VXX: side by side
| CDNS (Cadence Design Systems) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.2% | -49.7% |
| 5-year return | +112.1% | -95.6% |
| Volatility (ann.) | 35.8% | 60.9% |
| Beta vs S&P 500 | 1.45 | -3.31 |
| Max drawdown (3Y) | -29.1% | -83.3% |
| Market cap | $95.7B | – |
| P/E (trailing) | 66.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDNS | VXX |
|---|---|---|
| 2022 | -13.8% | -23.8% |
| 2023 | +69.6% | -72.5% |
| 2024 | +10.3% | -26.2% |
| 2025 | +4.0% | -42.2% |
| 2026 | +11.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDNS and VXX?
As of 2026-08-27, the correlation of weekly returns between CDNS and VXX is -0.42 over 3 years, -0.34 over 1 year and -0.39 over 5 years.
Is VXX a good diversifier for CDNS?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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/cdns-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdns-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDNS correlations · VXX correlations
