CHRN vs VXX: Correlation
ChronoScale Holdings Corporation (CHRN) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRN and VXX?
On 3 years of weekly data the CHRN/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.26 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -1587.4 %².
Among the 11 assets we track against CHRN, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: CHRN led by 495.4 percentage points, +445.7% for CHRN against -49.7% for VXX. Risk is not evenly split, since CHRN carries 1.6 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.
CHRN vs VXX: side by side
| CHRN (ChronoScale Holdings Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +445.7% | -49.7% |
| 5-year return | -70.2% | -95.6% |
| Volatility (ann.) | 99.6% | 60.9% |
| Beta vs S&P 500 | 1.58 | -3.31 |
| Max drawdown (3Y) | -93.9% | -83.3% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRN | VXX |
|---|---|---|
| 2022 | -55.1% | -23.8% |
| 2023 | +110.1% | -72.5% |
| 2024 | -75.6% | -26.2% |
| 2025 | -5.6% | -42.2% |
| 2026 | +140.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRN and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHRN and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.09 over the last year and -0.22 over 5 years.
Is VXX a good diversifier for CHRN?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrn-vs-vxx.json
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[](https://www.pairbook.io/pair/chrn-vs-vxx/)
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Related comparisons
Hubs: CHRN correlations · VXX correlations
