CTVA vs VXX: Correlation
How closely do Corteva (CTVA) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and VXX?
Across a 3-year window, the weekly returns of CTVA and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.25). Stretching to 5 years gives -0.30, with an annualized covariance of -402.5 %².
Among the 34 assets we track against CTVA, VXX sits near the bottom by co-movement, at rank #34. Their recent paths diverged sharply: over the last 12 months CTVA outperformed by 60.6 percentage points (+10.9% for CTVA against -49.7% for VXX). One caveat on sizing: VXX is 2.3 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.
CTVA vs VXX: side by side
| CTVA (Corteva) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.9% | -49.7% |
| 5-year return | +98.2% | -95.6% |
| Volatility (ann.) | 26.8% | 60.9% |
| Beta vs S&P 500 | 0.43 | -3.31 |
| Max drawdown (3Y) | -20.7% | -83.3% |
| Market cap | $55.0B | – |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CTVA | VXX |
|---|---|---|
| 2022 | +25.6% | -23.8% |
| 2023 | -17.5% | -72.5% |
| 2024 | +20.2% | -26.2% |
| 2025 | +18.9% | -42.2% |
| 2026 | +23.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTVA and VXX?
As of 2026-08-27, the correlation of weekly returns between CTVA and VXX is -0.25 over 3 years, -0.06 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for CTVA?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/ctva-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctva-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTVA correlations · VXX correlations
