CLRB vs VXX: Correlation
Measured on weekly returns over the past three years, Cellectar Biosciences, Inc. (CLRB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRB and VXX?
On 3 years of weekly data the CLRB/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.26). The 5-year figure is -0.30, and annualized covariance runs at -1568.7 %².
Out of 10 assets tracked against CLRB, VXX lands near the bottom at #8. Their 12-month results are close: -47.3% for CLRB against -49.7% for VXX. Note the risk asymmetry: CLRB runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLRB vs VXX: side by side
| CLRB (Cellectar Biosciences, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -47.3% | -49.7% |
| 5-year return | -99.1% | -95.6% |
| Volatility (ann.) | 97.2% | 60.9% |
| Beta vs S&P 500 | 1.43 | -3.31 |
| Max drawdown (3Y) | -98.2% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRB | VXX |
|---|---|---|
| 2022 | -74.1% | -23.8% |
| 2023 | +62.0% | -72.5% |
| 2024 | -89.2% | -26.2% |
| 2025 | -67.2% | -42.2% |
| 2026 | -13.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLRB and VXX?
As of 2026-08-27, the correlation of weekly returns between CLRB and VXX is -0.26 over 3 years, -0.39 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for CLRB?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clrb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clrb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: CLRB correlations · VXX correlations
