CTS vs VXX: Correlation
Measured on weekly returns over the past three years, CTS Corporation (CTS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.61, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and VXX?
Over the past 3 years, CTS and VXX moved with a correlation of -0.61, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.34) than the 3-year average (-0.61). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -1225.3 %².
Out of 26 assets tracked against CTS, VXX lands near the bottom at #26. Correlation aside, the last 12 months split them widely, with CTS ahead by 85.5 points (+35.8% versus -49.7%). Risk is not evenly split, since VXX carries 1.8 times the volatility of the other side.
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.
CTS vs VXX: side by side
| CTS (CTS Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.8% | -49.7% |
| 5-year return | +63.4% | -95.6% |
| Volatility (ann.) | 33.0% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -40.6% | -83.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTS | VXX |
|---|---|---|
| 2022 | +7.8% | -23.8% |
| 2023 | +11.4% | -72.5% |
| 2024 | +20.9% | -26.2% |
| 2025 | -18.4% | -42.2% |
| 2026 | +34.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.61 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTS and VXX?
As of 2026-08-27, the correlation of weekly returns between CTS and VXX is -0.61 over 3 years, -0.34 over 1 year and -0.47 over 5 years.
Is VXX a good diversifier for CTS?
By historical standards, yes. A correlation of -0.61 means the two rarely move for the same reasons.
What does a correlation of -0.61 mean?
On the −1 to +1 scale, -0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cts-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cts-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTS correlations · VXX correlations
