CSR vs VXX: Correlation
How closely do D/B/A Centerspace (CSR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSR and VXX?
Over the past 3 years, CSR and VXX moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.36 over 3 years. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -535.1 %².
Among the 10 assets we track against CSR, VXX sits near the bottom by co-movement, at rank #9. The last year tells two different stories: CSR led by 44.8 percentage points, -4.9% for CSR against -49.7% for VXX. One caveat on sizing: VXX is 2.5 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.
CSR vs VXX: side by side
| CSR (D/B/A Centerspace) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.9% | -49.7% |
| 5-year return | -34.2% | -95.6% |
| Volatility (ann.) | 24.3% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -26.5% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 41.7 | – |
| Dividend yield | 5.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSR | VXX |
|---|---|---|
| 2022 | -45.0% | -23.8% |
| 2023 | +4.4% | -72.5% |
| 2024 | +19.1% | -26.2% |
| 2025 | +5.9% | -42.2% |
| 2026 | -19.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSR and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CSR and VXX?
The CSR/VXX correlation stands at -0.36 on a 3-year window (1 year: -0.14, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CSR?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
A reading of -0.36 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/csr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSR correlations · VXX correlations
