CRH vs VXX: Correlation
Measured on weekly returns over the past three years, CRH plc (CRH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.53, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and VXX?
Across a 3-year window, the weekly returns of CRH and VXX correlate at -0.53, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.51 over 1 year against -0.53 over 3. Stretching to 5 years gives -0.50, with an annualized covariance of -956.0 %².
Among the 40 assets we track against CRH, VXX sits near the bottom by co-movement, at rank #40. Their recent paths diverged sharply: over the last 12 months CRH outperformed by 35.1 percentage points (-14.6% for CRH against -49.7% for VXX). One caveat on sizing: VXX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRH vs VXX: side by side
| CRH (CRH plc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.6% | -49.7% |
| 5-year return | +104.1% | -95.6% |
| Volatility (ann.) | 29.7% | 60.9% |
| Beta vs S&P 500 | 1.26 | -3.31 |
| Max drawdown (3Y) | -28.4% | -83.3% |
| Market cap | $63.6B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 1.57% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CRH | VXX |
|---|---|---|
| 2022 | -20.5% | -23.8% |
| 2023 | +81.3% | -72.5% |
| 2024 | +35.9% | -26.2% |
| 2025 | +35.9% | -42.2% |
| 2026 | -22.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and VXX good diversifiers for each other?
Yes. With a correlation of -0.53, CRH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRH and VXX?
As of 2026-08-27, the correlation of weekly returns between CRH and VXX is -0.53 over 3 years, -0.51 over 1 year and -0.50 over 5 years.
Is VXX a good diversifier for CRH?
Yes. With a correlation of -0.53, CRH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 mean?
A reading of -0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRH correlations · VXX correlations
