CRM vs VXX: Correlation
Measured on weekly returns over the past three years, Salesforce (CRM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and VXX?
On 3 years of weekly data the CRM/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.38 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -870.0 %².
Among the 68 assets we track against CRM, VXX sits near the bottom by co-movement, at rank #66. Their recent paths diverged sharply: over the last 12 months CRM outperformed by 51.3 percentage points (+1.6% for CRM against -49.7% for VXX). One caveat on sizing: VXX is 1.6 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.
CRM vs VXX: side by side
| CRM (Salesforce) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.6% | -49.7% |
| 5-year return | -3.2% | -95.6% |
| Volatility (ann.) | 37.6% | 60.9% |
| Beta vs S&P 500 | 1.21 | -3.31 |
| Max drawdown (3Y) | -58.7% | -83.3% |
| Market cap | $207.4B | – |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | VXX |
|---|---|---|
| 2022 | -47.8% | -23.8% |
| 2023 | +98.5% | -72.5% |
| 2024 | +27.8% | -26.2% |
| 2025 | -20.2% | -42.2% |
| 2026 | -4.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, CRM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRM and VXX?
As of 2026-08-27, the correlation of weekly returns between CRM and VXX is -0.38 over 3 years, -0.17 over 1 year and -0.40 over 5 years.
Is VXX a good diversifier for CRM?
Yes. With a correlation of -0.38, CRM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/crm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRM correlations · VXX correlations
