OCCI vs VXX: Correlation
How closely do OFS Credit Company, Inc. - Closed End Fund (OCCI) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCCI and VXX?
Across a 3-year window, the weekly returns of OCCI and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -523.0 %².
Out of 11 assets tracked against OCCI, VXX lands near the bottom at #10. On 12-month performance OCCI holds a 6.8-point edge, -42.9% against -49.7%. Note the risk asymmetry: VXX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OCCI vs VXX: side by side
| OCCI (OFS Credit Company, Inc. - Closed End Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -42.9% | -49.7% |
| 5-year return | -47.0% | -95.6% |
| Volatility (ann.) | 32.5% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -56.1% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 47.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCCI | VXX |
|---|---|---|
| 2022 | -25.8% | -23.8% |
| 2023 | -1.3% | -72.5% |
| 2024 | +31.4% | -26.2% |
| 2025 | -14.4% | -42.2% |
| 2026 | -36.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCCI and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OCCI and VXX?
As of 2026-08-27, the correlation of weekly returns between OCCI and VXX is -0.26 over 3 years, -0.28 over 1 year and -0.22 over 5 years.
Is VXX a good diversifier for OCCI?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/occi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/occi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OCCI correlations · VXX correlations
