CXDO vs VXX: Correlation
Crexendo, Inc. (CXDO) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXDO and VXX?
Over the past 3 years, CXDO and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.28). Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -1153.4 %².
VXX is close to the least connected end of CXDO's tracked universe, ranking #12 of 13. The last year tells two different stories: CXDO led by 52.3 percentage points, +2.6% for CXDO 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.
CXDO vs VXX: side by side
| CXDO (Crexendo, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.6% | -49.7% |
| 5-year return | +9.7% | -95.6% |
| Volatility (ann.) | 67.1% | 60.9% |
| Beta vs S&P 500 | 1.77 | -3.31 |
| Max drawdown (3Y) | -60.4% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 49.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXDO | VXX |
|---|---|---|
| 2022 | -61.7% | -23.8% |
| 2023 | +156.1% | -72.5% |
| 2024 | +7.8% | -26.2% |
| 2025 | +23.7% | -42.2% |
| 2026 | -0.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXDO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CXDO and VXX?
As of 2026-08-27, the correlation of weekly returns between CXDO and VXX is -0.28 over 3 years, -0.11 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for CXDO?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/cxdo-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxdo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CXDO correlations · VXX correlations
