CTSH vs VXX: Correlation
Cognizant (CTSH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and VXX?
Over the past 3 years, CTSH and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.30). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -585.4 %².
Out of 44 assets tracked against CTSH, VXX lands near the bottom at #42. Correlation aside, the last 12 months split them widely, with CTSH ahead by 39.9 points (-9.8% versus -49.7%). One caveat on sizing: VXX is 1.9 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.
CTSH vs VXX: side by side
| CTSH (Cognizant) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.8% | -49.7% |
| 5-year return | -9.6% | -95.6% |
| Volatility (ann.) | 32.3% | 60.9% |
| Beta vs S&P 500 | 0.89 | -3.31 |
| Max drawdown (3Y) | -56.1% | -83.3% |
| Market cap | $28.7B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | VXX |
|---|---|---|
| 2022 | -34.5% | -23.8% |
| 2023 | +34.4% | -72.5% |
| 2024 | +3.5% | -26.2% |
| 2025 | +9.7% | -42.2% |
| 2026 | -21.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, CTSH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTSH and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.15 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for CTSH?
Yes. With a correlation of -0.30, CTSH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctsh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctsh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTSH correlations · VXX correlations
