CIK vs VXX: Correlation
Credit Suisse Asset Management Income Fund, Inc. (CIK) 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 -0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIK and VXX?
Across a 3-year window, the weekly returns of CIK and VXX correlate at -0.59, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.71 versus -0.59 over 3 years. Stretching to 5 years gives -0.47, with an annualized covariance of -418.2 %².
Out of 11 assets tracked against CIK, VXX lands near the bottom at #11. The last year tells two different stories: CIK led by 40.4 percentage points, -9.3% for CIK against -49.7% for VXX. Risk is not evenly split, since VXX carries 5.3 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.
CIK vs VXX: side by side
| CIK (Credit Suisse Asset Management Income Fund, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.3% | -49.7% |
| 5-year return | +11.7% | -95.6% |
| Volatility (ann.) | 11.5% | 60.9% |
| Beta vs S&P 500 | 0.50 | -3.31 |
| Max drawdown (3Y) | -15.4% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 11.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIK | VXX |
|---|---|---|
| 2022 | -19.0% | -23.8% |
| 2023 | +37.1% | -72.5% |
| 2024 | +1.2% | -26.2% |
| 2025 | +7.8% | -42.2% |
| 2026 | -8.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIK and VXX good diversifiers for each other?
Yes. With a correlation of -0.59, CIK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIK and VXX?
The CIK/VXX correlation stands at -0.59 on a 3-year window (1 year: -0.71, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CIK?
Yes. With a correlation of -0.59, CIK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.59 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/cik-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cik-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIK correlations · VXX correlations
