COLD vs VXX: Correlation
Americold Realty Trust, Inc. (COLD) 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 -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLD and VXX?
Across a 3-year window, the weekly returns of COLD and VXX correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.26, with an annualized covariance of -477.2 %².
VXX is close to the least connected end of COLD's tracked universe, ranking #17 of 18. The last year tells two different stories: COLD led by 58.0 percentage points, +8.3% for COLD against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.7 times the volatility of the other side.
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.
COLD vs VXX: side by side
| COLD (Americold Realty Trust, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.3% | -49.7% |
| 5-year return | -49.6% | -95.6% |
| Volatility (ann.) | 35.4% | 60.9% |
| Beta vs S&P 500 | 0.70 | -3.31 |
| Max drawdown (3Y) | -67.1% | -83.3% |
| Market cap | $4.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLD | VXX |
|---|---|---|
| 2022 | -10.9% | -23.8% |
| 2023 | +10.1% | -72.5% |
| 2024 | -26.7% | -26.2% |
| 2025 | -36.2% | -42.2% |
| 2026 | +21.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between COLD and VXX?
The COLD/VXX correlation stands at -0.22 on a 3-year window (1 year: -0.25, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for COLD?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/cold-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cold-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COLD correlations · VXX correlations
