CLH vs VXX: Correlation
Measured on weekly returns over the past three years, Clean Harbors, Inc. (CLH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLH and VXX?
Across a 3-year window, the weekly returns of CLH and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.33). Stretching to 5 years gives -0.29, with an annualized covariance of -480.8 %².
Among the 17 assets we track against CLH, VXX sits near the bottom by co-movement, at rank #16. The last year tells two different stories: CLH led by 76.7 percentage points, +27.0% for CLH against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.6 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.
CLH vs VXX: side by side
| CLH (Clean Harbors, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.0% | -49.7% |
| 5-year return | +204.2% | -95.6% |
| Volatility (ann.) | 23.8% | 60.9% |
| Beta vs S&P 500 | 0.66 | -3.31 |
| Max drawdown (3Y) | -30.9% | -83.3% |
| Market cap | $16.5B | – |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLH | VXX |
|---|---|---|
| 2022 | +14.4% | -23.8% |
| 2023 | +52.9% | -72.5% |
| 2024 | +31.9% | -26.2% |
| 2025 | +1.9% | -42.2% |
| 2026 | +33.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLH and VXX?
As of 2026-08-27, the correlation of weekly returns between CLH and VXX is -0.33 over 3 years, -0.14 over 1 year and -0.29 over 5 years.
Is VXX a good diversifier for CLH?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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/clh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLH correlations · VXX correlations
