CRBG vs VXX: Correlation
How closely do Corebridge Financial Inc. (CRBG) 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 -0.57, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBG and VXX?
Across a 3-year window, the weekly returns of CRBG and VXX correlate at -0.57, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.43) runs above the 3-year figure (-0.57). Stretching to 5 years gives -0.53, with an annualized covariance of -1055.6 %².
VXX is close to the least connected end of CRBG's tracked universe, ranking #11 of 12. Correlation aside, the last 12 months split them widely, with CRBG ahead by 46.2 points (-3.5% versus -49.7%). Note the risk asymmetry: VXX runs 2.0 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.
CRBG vs VXX: side by side
| CRBG (Corebridge Financial Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.5% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 30.6% | 60.9% |
| Beta vs S&P 500 | 1.21 | -3.31 |
| Max drawdown (3Y) | -36.3% | -83.3% |
| Market cap | $14.5B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 3.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBG | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | +25.3% | -72.5% |
| 2024 | +42.8% | -26.2% |
| 2025 | +3.9% | -42.2% |
| 2026 | +10.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBG and VXX good diversifiers for each other?
Yes. With a correlation of -0.57, CRBG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRBG and VXX?
As of 2026-08-27, the correlation of weekly returns between CRBG and VXX is -0.57 over 3 years, -0.43 over 1 year and -0.53 over 5 years.
Is VXX a good diversifier for CRBG?
Yes. With a correlation of -0.57, CRBG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.57 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/crbg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crbg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRBG correlations · VXX correlations
