CMPR vs VXZ: Correlation
How closely do Cimpress plc (CMPR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPR and VXZ?
Across a 3-year window, the weekly returns of CMPR and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.27 over 3 years. Stretching to 5 years gives -0.30, with an annualized covariance of -285.8 %².
Out of 11 assets tracked against CMPR, VXZ lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months CMPR outperformed by 57.5 percentage points (+41.4% for CMPR against -16.1% for VXZ). Note the risk asymmetry: CMPR 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.
CMPR vs VXZ: side by side
| CMPR (Cimpress plc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +41.4% | -16.1% |
| 5-year return | -5.1% | -53.1% |
| Volatility (ann.) | 41.5% | 25.6% |
| Beta vs S&P 500 | 1.04 | -1.31 |
| Max drawdown (3Y) | -61.2% | -36.4% |
| Market cap | $2.2B | – |
| P/E (trailing) | 23.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMPR | VXZ |
|---|---|---|
| 2022 | -61.4% | +0.5% |
| 2023 | +189.9% | -44.0% |
| 2024 | -10.4% | -12.7% |
| 2025 | -7.2% | +5.7% |
| 2026 | +33.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.27, CMPR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CMPR and VXZ?
The CMPR/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.16, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CMPR?
Yes. With a correlation of -0.27, CMPR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/cmpr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmpr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMPR correlations · VXZ correlations
