CRC vs VXX: Correlation
California Resources Corporation (CRC) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRC and VXX?
Across a 3-year window, the weekly returns of CRC and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.20) than the 3-year average (-0.33). Stretching to 5 years gives -0.31, with an annualized covariance of -692.8 %².
Among the 13 assets we track against CRC, VXX sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months CRC outperformed by 58.2 percentage points (+8.5% for CRC against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.8 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.
CRC vs VXX: side by side
| CRC (California Resources Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.5% | -49.7% |
| 5-year return | +78.6% | -95.6% |
| Volatility (ann.) | 34.5% | 60.9% |
| Beta vs S&P 500 | 0.59 | -3.31 |
| Max drawdown (3Y) | -44.8% | -83.3% |
| Market cap | $4.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRC | VXX |
|---|---|---|
| 2022 | +3.7% | -23.8% |
| 2023 | +28.9% | -72.5% |
| 2024 | -2.6% | -26.2% |
| 2025 | -10.8% | -42.2% |
| 2026 | +20.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRC and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRC and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with 0.20 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for CRC?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 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/crc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRC correlations · VXX correlations
