CRGY vs VXX: Correlation
Measured on weekly returns over the past three years, Crescent Energy Company (CRGY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and VXX?
On 3 years of weekly data the CRGY/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.16) than the 3-year average (-0.32). The 5-year figure is -0.31, and annualized covariance runs at -956.3 %².
VXX is close to the least connected end of CRGY's tracked universe, ranking #15 of 15. The last year tells two different stories: CRGY led by 102.8 percentage points, +53.1% for CRGY against -49.7% for VXX.
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.
CRGY vs VXX: side by side
| CRGY (Crescent Energy Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +53.1% | -49.7% |
| 5-year return | -0.0% | -95.6% |
| Volatility (ann.) | 48.9% | 60.9% |
| Beta vs S&P 500 | 0.81 | -3.31 |
| Max drawdown (3Y) | -55.9% | -83.3% |
| Market cap | $5.4B | – |
| P/E (trailing) | 170.6 | – |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | VXX |
|---|---|---|
| 2022 | -1.5% | -23.8% |
| 2023 | +15.6% | -72.5% |
| 2024 | +15.2% | -26.2% |
| 2025 | -39.6% | -42.2% |
| 2026 | +67.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, CRGY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRGY and VXX?
The CRGY/VXX correlation stands at -0.32 on a 3-year window (1 year: 0.16, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CRGY?
Yes. With a correlation of -0.32, CRGY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/crgy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crgy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRGY correlations · VXX correlations
