CEVA vs VXX: Correlation
Measured on weekly returns over the past three years, CEVA, Inc. (CEVA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEVA and VXX?
Over the past 3 years, CEVA and VXX moved with a correlation of -0.50, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.36) than the 3-year average (-0.50). Over 5 years the correlation is -0.46, and the annualized covariance of weekly returns is -1751.0 %².
Out of 12 assets tracked against CEVA, VXX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with CEVA ahead by 75.5 points (+25.8% 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.
CEVA vs VXX: side by side
| CEVA (CEVA, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.8% | -49.7% |
| 5-year return | -40.9% | -95.6% |
| Volatility (ann.) | 57.4% | 60.9% |
| Beta vs S&P 500 | 2.37 | -3.31 |
| Max drawdown (3Y) | -55.2% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CEVA | VXX |
|---|---|---|
| 2022 | -40.8% | -23.8% |
| 2023 | -11.2% | -72.5% |
| 2024 | +38.9% | -26.2% |
| 2025 | -31.8% | -42.2% |
| 2026 | +32.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEVA and VXX good diversifiers for each other?
Yes. With a correlation of -0.50, CEVA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CEVA and VXX?
The CEVA/VXX correlation stands at -0.50 on a 3-year window (1 year: -0.36, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CEVA?
Yes. With a correlation of -0.50, CEVA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 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/ceva-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ceva-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CEVA correlations · VXX correlations
