IRMD vs VXX: Correlation
iRadimed Corporation (IRMD) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRMD and VXX?
Across a 3-year window, the weekly returns of IRMD and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.31 over 3 years. Stretching to 5 years gives -0.26, with an annualized covariance of -590.1 %².
Out of 13 assets tracked against IRMD, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months IRMD outperformed by 69.1 percentage points (+19.4% for IRMD against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.0 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.
IRMD vs VXX: side by side
| IRMD (iRadimed Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.4% | -49.7% |
| 5-year return | +185.4% | -95.6% |
| Volatility (ann.) | 30.9% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -24.9% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 48.9 | – |
| Dividend yield | 0.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IRMD | VXX |
|---|---|---|
| 2022 | -37.5% | -23.8% |
| 2023 | +75.4% | -72.5% |
| 2024 | +17.0% | -26.2% |
| 2025 | +79.7% | -42.2% |
| 2026 | -10.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRMD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between IRMD and VXX?
As of 2026-08-27, the correlation of weekly returns between IRMD and VXX is -0.31 over 3 years, -0.11 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for IRMD?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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/irmd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/irmd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IRMD correlations · VXX correlations
