CORZ vs VXX: Correlation
Core Scientific, Inc. (CORZ) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CORZ and VXX?
Across a 3-year window, the weekly returns of CORZ and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -2052.0 %².
Among the 19 assets we track against CORZ, VXX sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months CORZ outperformed by 73.8 percentage points (+24.1% for CORZ 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.
CORZ vs VXX: side by side
| CORZ (Core Scientific, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.1% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 89.6% | 60.9% |
| Beta vs S&P 500 | 2.71 | -3.31 |
| Max drawdown (3Y) | -64.9% | -83.3% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CORZ | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | +3.6% | -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 CORZ and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, CORZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CORZ and VXX?
As of 2026-08-27, the correlation of weekly returns between CORZ and VXX is -0.36 over 3 years, -0.30 over 1 year and n/a over 5 years.
Is VXX a good diversifier for CORZ?
Yes. With a correlation of -0.36, CORZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/corz-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/corz-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CORZ correlations · VXX correlations
