CLSK vs VXX: Correlation
Measured on weekly returns over the past three years, CleanSpark, Inc. (CLSK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLSK and VXX?
Over the past 3 years, CLSK and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -1747.9 %².
VXX is close to the least connected end of CLSK's tracked universe, ranking #15 of 15. The last year tells two different stories: CLSK led by 84.9 percentage points, +35.2% for CLSK against -49.7% for VXX. One caveat on sizing: CLSK is 1.7 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.
CLSK vs VXX: side by side
| CLSK (CleanSpark, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.2% | -49.7% |
| 5-year return | -5.1% | -95.6% |
| Volatility (ann.) | 104.3% | 60.9% |
| Beta vs S&P 500 | 2.12 | -3.31 |
| Max drawdown (3Y) | -71.3% | -83.3% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLSK | VXX |
|---|---|---|
| 2022 | -78.6% | -23.8% |
| 2023 | +440.7% | -72.5% |
| 2024 | -16.5% | -26.2% |
| 2025 | +9.9% | -42.2% |
| 2026 | +28.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLSK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLSK and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.26 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for CLSK?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/clsk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clsk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLSK correlations · VXX correlations
