JRSH vs VXX: Correlation
How closely do Jerash Holdings (US), Inc. (JRSH) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRSH and VXX?
Over the past 3 years, JRSH and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.29 over 3. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -495.6 %².
Among the 13 assets we track against JRSH, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with JRSH ahead by 124.2 points (+74.5% versus -49.7%). One caveat on sizing: VXX is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JRSH vs VXX: side by side
| JRSH (Jerash Holdings (US), Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +74.5% | -49.7% |
| 5-year return | -9.0% | -95.6% |
| Volatility (ann.) | 27.8% | 60.9% |
| Beta vs S&P 500 | 0.45 | -3.31 |
| Max drawdown (3Y) | -25.2% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 15.0 | – |
| Dividend yield | 3.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRSH | VXX |
|---|---|---|
| 2022 | -37.6% | -23.8% |
| 2023 | -15.5% | -72.5% |
| 2024 | +17.2% | -26.2% |
| 2025 | -5.4% | -42.2% |
| 2026 | +89.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRSH and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JRSH and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.29 over the last year and -0.21 over 5 years.
Is VXX a good diversifier for JRSH?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jrsh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jrsh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JRSH correlations · VXX correlations
