CIEN vs VXX: Correlation
Measured on weekly returns over the past three years, Ciena (CIEN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIEN and VXX?
On 3 years of weekly data the CIEN/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.38, and annualized covariance runs at -1290.9 %².
Among the 28 assets we track against CIEN, VXX sits near the bottom by co-movement, at rank #28. Correlation aside, the last 12 months split them widely, with CIEN ahead by 380.9 points (+331.2% 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.
CIEN vs VXX: side by side
| CIEN (Ciena) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +331.2% | -49.7% |
| 5-year return | +598.5% | -95.6% |
| Volatility (ann.) | 50.1% | 60.9% |
| Beta vs S&P 500 | 1.59 | -3.31 |
| Max drawdown (3Y) | -47.3% | -83.3% |
| Market cap | $56.6B | – |
| P/E (trailing) | 133.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CIEN | VXX |
|---|---|---|
| 2022 | -33.8% | -23.8% |
| 2023 | -11.7% | -72.5% |
| 2024 | +88.4% | -26.2% |
| 2025 | +175.8% | -42.2% |
| 2026 | +71.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIEN and VXX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CIEN and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.32 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for CIEN?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 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/cien-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cien-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIEN correlations · VXX correlations
