CINF vs VXX: Correlation
How closely do Cincinnati Financial (CINF) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and VXX?
Over the past 3 years, CINF and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.25). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -323.6 %².
Out of 49 assets tracked against CINF, VXX lands near the bottom at #48. Their recent paths diverged sharply: over the last 12 months CINF outperformed by 64.2 percentage points (+14.5% for CINF against -49.7% for VXX). One caveat on sizing: VXX is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CINF vs VXX: side by side
| CINF (Cincinnati Financial) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.5% | -49.7% |
| 5-year return | +58.8% | -95.6% |
| Volatility (ann.) | 21.6% | 60.9% |
| Beta vs S&P 500 | 0.36 | -3.31 |
| Max drawdown (3Y) | -20.0% | -83.3% |
| Market cap | $26.5B | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | VXX |
|---|---|---|
| 2022 | -7.9% | -23.8% |
| 2023 | +4.0% | -72.5% |
| 2024 | +42.5% | -26.2% |
| 2025 | +16.3% | -42.2% |
| 2026 | +6.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, CINF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CINF and VXX?
As of 2026-08-27, the correlation of weekly returns between CINF and VXX is -0.25 over 3 years, -0.02 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for CINF?
Yes. With a correlation of -0.25, CINF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/cinf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cinf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CINF correlations · VXX correlations
