CMPS vs VXX: Correlation
How closely do COMPASS Pathways Plc - American Depository Shares (CMPS) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPS and VXX?
Across a 3-year window, the weekly returns of CMPS and VXX correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.24, with an annualized covariance of -1293.2 %².
Out of 13 assets tracked against CMPS, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with CMPS ahead by 259.9 points (+210.2% versus -49.7%).
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.
CMPS vs VXX: side by side
| CMPS (COMPASS Pathways Plc - American Depository Shares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +210.2% | -49.7% |
| 5-year return | -55.2% | -95.6% |
| Volatility (ann.) | 79.7% | 60.9% |
| Beta vs S&P 500 | 1.72 | -3.31 |
| Max drawdown (3Y) | -81.0% | -83.3% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMPS | VXX |
|---|---|---|
| 2022 | -63.7% | -23.8% |
| 2023 | +9.0% | -72.5% |
| 2024 | -56.8% | -26.2% |
| 2025 | +82.5% | -42.2% |
| 2026 | +112.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPS and VXX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMPS and VXX?
The CMPS/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.20, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CMPS?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
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/cmps-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmps-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMPS correlations · VXX correlations
