CIFR vs VXX: Correlation
Cipher Digital Inc. (CIFR) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and VXX?
On 3 years of weekly data the CIFR/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -2064.8 %².
VXX is close to the least connected end of CIFR's tracked universe, ranking #18 of 18. Their recent paths diverged sharply: over the last 12 months CIFR outperformed by 189.6 percentage points (+139.9% for CIFR against -49.7% for VXX). Risk is not evenly split, since CIFR carries 1.9 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.
CIFR vs VXX: side by side
| CIFR (Cipher Digital Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +139.9% | -49.7% |
| 5-year return | +63.3% | -95.6% |
| Volatility (ann.) | 114.3% | 60.9% |
| Beta vs S&P 500 | 2.86 | -3.31 |
| Max drawdown (3Y) | -71.7% | -83.3% |
| Market cap | $7.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIFR | VXX |
|---|---|---|
| 2022 | -87.9% | -23.8% |
| 2023 | +637.5% | -72.5% |
| 2024 | +12.3% | -26.2% |
| 2025 | +218.1% | -42.2% |
| 2026 | +13.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CIFR and VXX?
As of 2026-08-27, the correlation of weekly returns between CIFR and VXX is -0.30 over 3 years, -0.26 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for CIFR?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/cifr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cifr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIFR correlations · VXX correlations
