JFR vs VXX: Correlation
Measured on weekly returns over the past three years, Nuveen Floating Rate Income Fund (JFR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.53, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JFR and VXX?
Across a 3-year window, the weekly returns of JFR and VXX correlate at -0.53, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.54 over 1 year against -0.53 over 3. Stretching to 5 years gives -0.39, with an annualized covariance of -315.7 %².
VXX is close to the least connected end of JFR's tracked universe, ranking #12 of 13. The last year tells two different stories: JFR led by 52.0 percentage points, +2.3% for JFR against -49.7% for VXX. Risk is not evenly split, since VXX carries 6.3 times the volatility of the other side.
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.
JFR vs VXX: side by side
| JFR (Nuveen Floating Rate Income Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.3% | -49.7% |
| 5-year return | +31.7% | -95.6% |
| Volatility (ann.) | 9.7% | 60.9% |
| Beta vs S&P 500 | 0.35 | -3.31 |
| Max drawdown (3Y) | -15.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 22.4 | – |
| Dividend yield | 13.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JFR | VXX |
|---|---|---|
| 2022 | -15.1% | -23.8% |
| 2023 | +16.7% | -72.5% |
| 2024 | +21.9% | -26.2% |
| 2025 | -0.7% | -42.2% |
| 2026 | +5.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JFR and VXX good diversifiers for each other?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JFR and VXX?
Using weekly returns as of 2026-08-27: -0.53 over 3 years, with -0.54 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for JFR?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.53 mean?
A reading of -0.53 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/jfr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jfr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JFR correlations · VXX correlations
