CLAR vs VXX: Correlation
Clarus Corporation (CLAR) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLAR and VXX?
On 3 years of weekly data the CLAR/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -964.1 %².
VXX is close to the least connected end of CLAR's tracked universe, ranking #11 of 11. The last year tells two different stories: CLAR led by 55.0 percentage points, +5.3% for CLAR against -49.7% for VXX.
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.
CLAR vs VXX: side by side
| CLAR (Clarus Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.3% | -49.7% |
| 5-year return | -85.0% | -95.6% |
| Volatility (ann.) | 44.2% | 60.9% |
| Beta vs S&P 500 | 1.03 | -3.31 |
| Max drawdown (3Y) | -64.4% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLAR | VXX |
|---|---|---|
| 2022 | -71.5% | -23.8% |
| 2023 | -10.8% | -72.5% |
| 2024 | -33.4% | -26.2% |
| 2025 | -23.6% | -42.2% |
| 2026 | +15.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLAR and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLAR and VXX?
The CLAR/VXX correlation stands at -0.36 on a 3-year window (1 year: -0.39, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CLAR?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 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/clar-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clar-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLAR correlations · VXX correlations
