COHR vs VXX: Correlation
How closely do Coherent Corp. (COHR) 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 -0.53, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and VXX?
On 3 years of weekly data the COHR/VXX correlation comes out at -0.53, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.30) runs above the 3-year figure (-0.53). The 5-year figure is -0.45, and annualized covariance runs at -2101.8 %².
Among the 41 assets we track against COHR, VXX sits near the bottom by co-movement, at rank #40. The last year tells two different stories: COHR led by 275.3 percentage points, +225.6% for COHR 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.
COHR vs VXX: side by side
| COHR (Coherent Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +225.6% | -49.7% |
| 5-year return | +368.6% | -95.6% |
| Volatility (ann.) | 65.0% | 60.9% |
| Beta vs S&P 500 | 2.76 | -3.31 |
| Max drawdown (3Y) | -54.8% | -83.3% |
| Market cap | $57.8B | – |
| P/E (trailing) | 71.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | COHR | VXX |
|---|---|---|
| 2022 | -48.6% | -23.8% |
| 2023 | +24.0% | -72.5% |
| 2024 | +117.6% | -26.2% |
| 2025 | +94.8% | -42.2% |
| 2026 | +60.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and VXX good diversifiers for each other?
Yes. With a correlation of -0.53, COHR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COHR and VXX?
The COHR/VXX correlation stands at -0.53 on a 3-year window (1 year: -0.30, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for COHR?
Yes. With a correlation of -0.53, COHR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 mean?
A reading of -0.53 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/cohr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cohr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COHR correlations · VXX correlations
