COSM vs VXX: Correlation
How closely do Cosmos Health Inc. (COSM) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COSM and VXX?
On 3 years of weekly data the COSM/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.25 over 3. The 5-year figure is -0.02, and annualized covariance runs at -1593.4 %².
VXX is close to the least connected end of COSM's tracked universe, ranking #10 of 10. The last year tells two different stories: VXX led by 23.4 percentage points, -73.1% for COSM against -49.7% for VXX. One caveat on sizing: COSM is 1.7 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.
COSM vs VXX: side by side
| COSM (Cosmos Health Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -73.1% | -49.7% |
| 5-year return | -95.1% | -95.6% |
| Volatility (ann.) | 102.9% | 60.9% |
| Beta vs S&P 500 | 2.19 | -3.31 |
| Max drawdown (3Y) | -90.9% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COSM | VXX |
|---|---|---|
| 2022 | +35.3% | -23.8% |
| 2023 | -69.1% | -72.5% |
| 2024 | -52.6% | -26.2% |
| 2025 | -25.6% | -42.2% |
| 2026 | -56.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COSM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between COSM and VXX?
The COSM/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.25, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for COSM?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/cosm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cosm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COSM correlations · VXX correlations
