CPT vs VXX: Correlation
Camden Property Trust (CPT) 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 -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and VXX?
On 3 years of weekly data the CPT/VXX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.35). The 5-year figure is -0.36, and annualized covariance runs at -447.4 %².
Out of 33 assets tracked against CPT, VXX lands near the bottom at #32. The last year tells two different stories: CPT led by 49.3 percentage points, -0.4% for CPT against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CPT vs VXX: side by side
| CPT (Camden Property Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.4% | -49.7% |
| 5-year return | -15.4% | -95.6% |
| Volatility (ann.) | 21.3% | 60.9% |
| Beta vs S&P 500 | 0.55 | -3.31 |
| Max drawdown (3Y) | -21.7% | -83.3% |
| Market cap | $12.2B | – |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | VXX |
|---|---|---|
| 2022 | -35.6% | -23.8% |
| 2023 | -7.6% | -72.5% |
| 2024 | +21.3% | -26.2% |
| 2025 | -1.5% | -42.2% |
| 2026 | -2.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and VXX good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPT and VXX?
As of 2026-08-27, the correlation of weekly returns between CPT and VXX is -0.35 over 3 years, -0.13 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for CPT?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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/cpt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPT correlations · VXX correlations
