COO vs VXX: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and VXX?
Over the past 3 years, COO and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.32). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -538.5 %².
VXX is close to the least connected end of COO's tracked universe, ranking #37 of 38. The last year tells two different stories: COO led by 45.4 percentage points, -4.3% for COO against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.2 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.
COO vs VXX: side by side
| COO (Cooper Companies (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.3% | -49.7% |
| 5-year return | -36.8% | -95.6% |
| Volatility (ann.) | 27.7% | 60.9% |
| Beta vs S&P 500 | 0.69 | -3.31 |
| Max drawdown (3Y) | -47.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COO | VXX |
|---|---|---|
| 2022 | -21.1% | -23.8% |
| 2023 | +14.5% | -72.5% |
| 2024 | -2.8% | -26.2% |
| 2025 | -10.8% | -42.2% |
| 2026 | -13.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, COO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COO and VXX?
As of 2026-08-27, the correlation of weekly returns between COO and VXX is -0.32 over 3 years, -0.19 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for COO?
Yes. With a correlation of -0.32, COO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/coo-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COO correlations · VXX correlations
