COF vs VXX: Correlation
Capital One (COF) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COF and VXX?
Across a 3-year window, the weekly returns of COF and VXX correlate at -0.60, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.58 lands near the 3-year figure. Stretching to 5 years gives -0.53, with an annualized covariance of -1114.1 %².
Out of 29 assets tracked against COF, VXX lands near the bottom at #29. The last year tells two different stories: COF led by 47.7 percentage points, -2.0% for COF against -49.7% for VXX. One caveat on sizing: VXX is 2.0 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.
COF vs VXX: side by side
| COF (Capital One) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.0% | -49.7% |
| 5-year return | +43.2% | -95.6% |
| Volatility (ann.) | 30.6% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -31.5% | -83.3% |
| Market cap | $132.9B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COF | VXX |
|---|---|---|
| 2022 | -34.6% | -23.8% |
| 2023 | +44.3% | -72.5% |
| 2024 | +38.2% | -26.2% |
| 2025 | +37.6% | -42.2% |
| 2026 | -9.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COF and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.60 means the two rarely move for the same reasons.
FAQ
What is the correlation between COF and VXX?
The COF/VXX correlation stands at -0.60 on a 3-year window (1 year: -0.58, 5 years: -0.53), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for COF?
By historical standards, yes. A correlation of -0.60 means the two rarely move for the same reasons.
What does a correlation of -0.60 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/cof-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cof-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COF correlations · VXX correlations
