CRCT vs VXX: Correlation
Cricut, Inc. (CRCT) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRCT and VXX?
On 3 years of weekly data the CRCT/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.24 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -727.5 %².
Among the 10 assets we track against CRCT, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with CRCT ahead by 52.1 points (+2.4% 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.
CRCT vs VXX: side by side
| CRCT (Cricut, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.4% | -49.7% |
| 5-year return | -70.1% | -95.6% |
| Volatility (ann.) | 49.2% | 60.9% |
| Beta vs S&P 500 | 0.94 | -3.31 |
| Max drawdown (3Y) | -53.2% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 3.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRCT | VXX |
|---|---|---|
| 2022 | -58.0% | -23.8% |
| 2023 | -20.1% | -72.5% |
| 2024 | -4.9% | -26.2% |
| 2025 | +0.1% | -42.2% |
| 2026 | +19.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRCT and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, CRCT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRCT and VXX?
As of 2026-08-27, the correlation of weekly returns between CRCT and VXX is -0.24 over 3 years, -0.36 over 1 year and -0.21 over 5 years.
Is VXX a good diversifier for CRCT?
Yes. With a correlation of -0.24, CRCT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/crct-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crct-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRCT correlations · VXX correlations
