CMRC vs VXX: Correlation
Measured on weekly returns over the past three years, Commerce.com, Inc. - Series 1 (CMRC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and VXX?
Across a 3-year window, the weekly returns of CMRC and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.41 over 3 years. Stretching to 5 years gives -0.35, with an annualized covariance of -1346.4 %².
Among the 16 assets we track against CMRC, VXX sits near the bottom by co-movement, at rank #16. Their 12-month results are close: -49.8% for CMRC 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.
CMRC vs VXX: side by side
| CMRC (Commerce.com, Inc. - Series 1) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -49.8% | -49.7% |
| 5-year return | -96.1% | -95.6% |
| Volatility (ann.) | 53.5% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -81.5% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | VXX |
|---|---|---|
| 2022 | -75.3% | -23.8% |
| 2023 | +11.3% | -72.5% |
| 2024 | -37.1% | -26.2% |
| 2025 | -32.7% | -42.2% |
| 2026 | -42.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMRC and VXX?
The CMRC/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.26, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CMRC?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/cmrc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmrc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMRC correlations · VXX correlations
