NFGC vs VXX: Correlation
New Found Gold Corp (NFGC) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NFGC and VXX?
On 3 years of weekly data the NFGC/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.22, and annualized covariance runs at -934.5 %².
VXX is close to the least connected end of NFGC's tracked universe, ranking #12 of 13. The last year tells two different stories: NFGC led by 65.1 percentage points, +15.4% for NFGC against -49.7% for VXX.
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.
NFGC vs VXX: side by side
| NFGC (New Found Gold Corp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.4% | -49.7% |
| 5-year return | -71.1% | -95.6% |
| Volatility (ann.) | 64.2% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -78.7% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NFGC | VXX |
|---|---|---|
| 2022 | -43.5% | -23.8% |
| 2023 | -13.4% | -72.5% |
| 2024 | -48.0% | -26.2% |
| 2025 | +63.2% | -42.2% |
| 2026 | -34.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NFGC and VXX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NFGC and VXX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.29 over the last year and -0.22 over 5 years.
Is VXX a good diversifier for NFGC?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/nfgc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nfgc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NFGC correlations · VXX correlations
