CPS vs VXX: Correlation
Cooper-Standard Holdings Inc. (CPS) 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 CPS and VXX?
Across a 3-year window, the weekly returns of CPS and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.29, with an annualized covariance of -1569.5 %².
Out of 12 assets tracked against CPS, VXX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with CPS ahead by 23.9 points (-25.8% versus -49.7%).
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.
CPS vs VXX: side by side
| CPS (Cooper-Standard Holdings Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.8% | -49.7% |
| 5-year return | +15.8% | -95.6% |
| Volatility (ann.) | 72.2% | 60.9% |
| Beta vs S&P 500 | 1.75 | -3.31 |
| Max drawdown (3Y) | -45.2% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPS | VXX |
|---|---|---|
| 2022 | -59.6% | -23.8% |
| 2023 | +115.7% | -72.5% |
| 2024 | -30.6% | -26.2% |
| 2025 | +142.1% | -42.2% |
| 2026 | -19.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPS and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPS and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.31 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for CPS?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
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/cps-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cps-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPS correlations · VXX correlations
