CLMB vs VXX: Correlation
How closely do Climb Global Solutions, Inc. (CLMB) 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 -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLMB and VXX?
Over the past 3 years, CLMB and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.32 over 3. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -874.3 %².
Out of 10 assets tracked against CLMB, VXX lands near the bottom at #10. The last year tells two different stories: CLMB led by 43.0 percentage points, -6.7% for CLMB 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.
CLMB vs VXX: side by side
| CLMB (Climb Global Solutions, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.7% | -49.7% |
| 5-year return | +361.0% | -95.6% |
| Volatility (ann.) | 45.3% | 60.9% |
| Beta vs S&P 500 | 1.04 | -3.31 |
| Max drawdown (3Y) | -53.4% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLMB | VXX |
|---|---|---|
| 2022 | -8.3% | -23.8% |
| 2023 | +76.6% | -72.5% |
| 2024 | +133.3% | -26.2% |
| 2025 | -18.4% | -42.2% |
| 2026 | +13.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLMB and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, CLMB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLMB and VXX?
The CLMB/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.33, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CLMB?
Yes. With a correlation of -0.32, CLMB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/clmb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clmb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLMB correlations · VXX correlations
