JRS vs VXX: Correlation
Nuveen Real Estate Income Fund (JRS) 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 -0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRS and VXX?
Over the past 3 years, JRS and VXX moved with a correlation of -0.53, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.43) runs above the 3-year figure (-0.53). Over 5 years the correlation is -0.48, and the annualized covariance of weekly returns is -685.7 %².
VXX is close to the least connected end of JRS's tracked universe, ranking #48 of 49. Correlation aside, the last 12 months split them widely, with JRS ahead by 64.1 points (+14.4% versus -49.7%). Note the risk asymmetry: VXX runs 2.9 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.
JRS vs VXX: side by side
| JRS (Nuveen Real Estate Income Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.4% | -49.7% |
| 5-year return | +13.5% | -95.6% |
| Volatility (ann.) | 21.1% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -25.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRS | VXX |
|---|---|---|
| 2022 | -35.6% | -23.8% |
| 2023 | +13.4% | -72.5% |
| 2024 | +19.7% | -26.2% |
| 2025 | -3.4% | -42.2% |
| 2026 | +15.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRS 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 JRS and VXX?
As of 2026-08-27, the correlation of weekly returns between JRS and VXX is -0.53 over 3 years, -0.43 over 1 year and -0.48 over 5 years.
Is VXX a good diversifier for JRS?
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/jrs-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jrs-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JRS correlations · VXX correlations
