CTRI vs VXX: Correlation
Measured on weekly returns over the past three years, Centuri Holdings, Inc. (CTRI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRI and VXX?
On 3 years of weekly data the CTRI/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -971.7 %².
Among the 14 assets we track against CTRI, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: CTRI led by 53.2 percentage points, +3.5% for CTRI 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.
CTRI vs VXX: side by side
| CTRI (Centuri Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.5% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 48.1% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -50.3% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | 64.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRI | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | +30.8% | -42.2% |
| 2026 | -16.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRI and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, CTRI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTRI and VXX?
As of 2026-08-27, the correlation of weekly returns between CTRI and VXX is -0.31 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is VXX a good diversifier for CTRI?
Yes. With a correlation of -0.31, CTRI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/ctri-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctri-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTRI correlations · VXX correlations
