CLFD vs VXX: Correlation
Clearfield, Inc. (CLFD) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLFD and VXX?
Over the past 3 years, CLFD and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.19) runs above the 3-year figure (-0.32). Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -948.7 %².
Out of 12 assets tracked against CLFD, VXX lands near the bottom at #10. The last year tells two different stories: CLFD led by 41.2 percentage points, -8.5% for CLFD 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.
CLFD vs VXX: side by side
| CLFD (Clearfield, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.5% | -49.7% |
| 5-year return | -35.2% | -95.6% |
| Volatility (ann.) | 49.0% | 60.9% |
| Beta vs S&P 500 | 1.34 | -3.31 |
| Max drawdown (3Y) | -48.0% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 103.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLFD | VXX |
|---|---|---|
| 2022 | +11.5% | -23.8% |
| 2023 | -69.1% | -72.5% |
| 2024 | +6.6% | -26.2% |
| 2025 | -6.0% | -42.2% |
| 2026 | +2.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLFD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLFD and VXX?
As of 2026-08-27, the correlation of weekly returns between CLFD and VXX is -0.32 over 3 years, -0.19 over 1 year and -0.33 over 5 years.
Is VXX a good diversifier for CLFD?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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/clfd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clfd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLFD correlations · VXX correlations
