CVLT vs VXX: Correlation
Commvault Systems, Inc. (CVLT) 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 CVLT and VXX?
Over the past 3 years, CVLT and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -827.2 %².
VXX is close to the least connected end of CVLT's tracked universe, ranking #8 of 10. The last year tells two different stories: CVLT led by 25.9 percentage points, -23.8% for CVLT 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.
CVLT vs VXX: side by side
| CVLT (Commvault Systems, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.8% | -49.7% |
| 5-year return | +73.1% | -95.6% |
| Volatility (ann.) | 44.6% | 60.9% |
| Beta vs S&P 500 | 1.29 | -3.31 |
| Max drawdown (3Y) | -61.5% | -83.3% |
| Market cap | $5.8B | – |
| P/E (trailing) | 86.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVLT | VXX |
|---|---|---|
| 2022 | -8.8% | -23.8% |
| 2023 | +27.1% | -72.5% |
| 2024 | +89.0% | -26.2% |
| 2025 | -16.9% | -42.2% |
| 2026 | +12.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVLT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVLT and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.32 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for CVLT?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/cvlt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvlt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVLT correlations · VXX correlations
