JRI vs VXX: Correlation
Nuveen Real Asset Income and Growth Fund (JRI) 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 -0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRI and VXX?
On 3 years of weekly data the JRI/VXX correlation comes out at -0.54, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.58 over 1 year against -0.54 over 3. The 5-year figure is -0.53, and annualized covariance runs at -562.9 %².
Among the 15 assets we track against JRI, VXX sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months JRI outperformed by 55.0 percentage points (+5.3% for JRI against -49.7% for VXX). Note the risk asymmetry: VXX runs 3.6 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.
JRI vs VXX: side by side
| JRI (Nuveen Real Asset Income and Growth Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.3% | -49.7% |
| 5-year return | +31.7% | -95.6% |
| Volatility (ann.) | 17.0% | 60.9% |
| Beta vs S&P 500 | 0.64 | -3.31 |
| Max drawdown (3Y) | -13.7% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRI | VXX |
|---|---|---|
| 2022 | -20.8% | -23.8% |
| 2023 | +10.1% | -72.5% |
| 2024 | +16.3% | -26.2% |
| 2025 | +26.8% | -42.2% |
| 2026 | -0.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRI and VXX good diversifiers for each other?
Yes. With a correlation of -0.54, JRI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JRI and VXX?
The JRI/VXX correlation stands at -0.54 on a 3-year window (1 year: -0.58, 5 years: -0.53), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for JRI?
Yes. With a correlation of -0.54, JRI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.54 mean?
On the −1 to +1 scale, -0.54 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/jri-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jri-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JRI correlations · VXX correlations
