CMPX vs VXX: Correlation
How closely do Compass Therapeutics, Inc. (CMPX) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPX and VXX?
On 3 years of weekly data the CMPX/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.30 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -1543.5 %².
VXX is close to the least connected end of CMPX's tracked universe, ranking #8 of 10. The last year tells two different stories: CMPX led by 26.5 percentage points, -23.2% for CMPX against -49.7% for VXX.
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.
CMPX vs VXX: side by side
| CMPX (Compass Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.2% | -49.7% |
| 5-year return | -37.8% | -95.6% |
| Volatility (ann.) | 85.8% | 60.9% |
| Beta vs S&P 500 | 1.92 | -3.31 |
| Max drawdown (3Y) | -75.0% | -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 | CMPX | VXX |
|---|---|---|
| 2022 | +58.7% | -23.8% |
| 2023 | -69.0% | -72.5% |
| 2024 | -7.1% | -26.2% |
| 2025 | +270.3% | -42.2% |
| 2026 | -53.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMPX and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.07 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for CMPX?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/cmpx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmpx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMPX correlations · VXX correlations
