CLPT vs VXX: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and VXX?
Over the past 3 years, CLPT and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -1729.6 %².
Out of 19 assets tracked against CLPT, VXX lands near the bottom at #19. The last year tells two different stories: CLPT led by 99.5 percentage points, +49.8% for CLPT against -49.7% for VXX. One caveat on sizing: CLPT is 1.5 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.
CLPT vs VXX: side by side
| CLPT (ClearPoint Neuro Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.8% | -49.7% |
| 5-year return | -12.5% | -95.6% |
| Volatility (ann.) | 91.6% | 60.9% |
| Beta vs S&P 500 | 1.76 | -3.31 |
| Max drawdown (3Y) | -70.7% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | VXX |
|---|---|---|
| 2022 | -24.5% | -23.8% |
| 2023 | -19.8% | -72.5% |
| 2024 | +126.5% | -26.2% |
| 2025 | -11.1% | -42.2% |
| 2026 | +16.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, CLPT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLPT and VXX?
The CLPT/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.25, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CLPT?
Yes. With a correlation of -0.31, CLPT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/clpt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clpt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLPT correlations · VXX correlations
