CENTA vs VXX: Correlation
Central Garden & Pet Company (CENTA) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENTA and VXX?
Over the past 3 years, CENTA and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -407.1 %².
Out of 13 assets tracked against CENTA, VXX lands near the bottom at #12. The last year tells two different stories: CENTA led by 65.2 percentage points, +15.5% for CENTA against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.2 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.
CENTA vs VXX: side by side
| CENTA (Central Garden & Pet Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.5% | -49.7% |
| 5-year return | +10.9% | -95.6% |
| Volatility (ann.) | 28.2% | 60.9% |
| Beta vs S&P 500 | 0.42 | -3.31 |
| Max drawdown (3Y) | -35.7% | -83.3% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENTA | VXX |
|---|---|---|
| 2022 | -25.2% | -23.8% |
| 2023 | +23.0% | -72.5% |
| 2024 | -6.2% | -26.2% |
| 2025 | -11.7% | -42.2% |
| 2026 | +29.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENTA and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, CENTA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CENTA and VXX?
The CENTA/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.20, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CENTA?
Yes. With a correlation of -0.24, CENTA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/centa-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/centa-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CENTA correlations · VXX correlations
