CPRT vs VXX: Correlation
Measured on weekly returns over the past three years, Copart (CPRT) 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 CPRT and VXX?
Across a 3-year window, the weekly returns of CPRT and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.32 over 3 years. Stretching to 5 years gives -0.41, with an annualized covariance of -509.6 %².
Out of 35 assets tracked against CPRT, VXX lands near the bottom at #33. Their recent paths diverged sharply: over the last 12 months CPRT outperformed by 17.1 percentage points (-32.6% for CPRT against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.3 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.
CPRT vs VXX: side by side
| CPRT (Copart) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -32.6% | -49.7% |
| 5-year return | -9.3% | -95.6% |
| Volatility (ann.) | 26.0% | 60.9% |
| Beta vs S&P 500 | 0.86 | -3.31 |
| Max drawdown (3Y) | -57.4% | -83.3% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CPRT | VXX |
|---|---|---|
| 2022 | -19.7% | -23.8% |
| 2023 | +60.9% | -72.5% |
| 2024 | +17.1% | -26.2% |
| 2025 | -31.8% | -42.2% |
| 2026 | -16.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPRT and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.13 over the last year and -0.41 over 5 years.
Is VXX a good diversifier for CPRT?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cprt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cprt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPRT correlations · VXX correlations
