COTY vs VXX: Correlation
Coty Inc. (COTY) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COTY and VXX?
Across a 3-year window, the weekly returns of COTY and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.25 over 3. Stretching to 5 years gives -0.31, with an annualized covariance of -658.6 %².
Among the 10 assets we track against COTY, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months COTY outperformed by 15.4 percentage points (-34.3% for COTY 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.
COTY vs VXX: side by side
| COTY (Coty Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.3% | -49.7% |
| 5-year return | -71.0% | -95.6% |
| Volatility (ann.) | 42.5% | 60.9% |
| Beta vs S&P 500 | 1.08 | -3.31 |
| Max drawdown (3Y) | -86.0% | -83.3% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COTY | VXX |
|---|---|---|
| 2022 | -18.5% | -23.8% |
| 2023 | +45.1% | -72.5% |
| 2024 | -44.0% | -26.2% |
| 2025 | -55.7% | -42.2% |
| 2026 | -10.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COTY and VXX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COTY and VXX?
As of 2026-08-27, the correlation of weekly returns between COTY and VXX is -0.25 over 3 years, -0.28 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for COTY?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/coty-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coty-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COTY correlations · VXX correlations
