NMRK vs VXX: Correlation
Measured on weekly returns over the past three years, Newmark Group, Inc. (NMRK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRK and VXX?
On 3 years of weekly data the NMRK/VXX correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.31) runs above the 3-year figure (-0.47). The 5-year figure is -0.40, and annualized covariance runs at -1230.7 %².
Out of 19 assets tracked against NMRK, VXX lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with NMRK ahead by 35.9 points (-13.8% versus -49.7%).
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.
NMRK vs VXX: side by side
| NMRK (Newmark Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -13.8% | -49.7% |
| 5-year return | +23.3% | -95.6% |
| Volatility (ann.) | 43.4% | 60.9% |
| Beta vs S&P 500 | 1.49 | -3.31 |
| Max drawdown (3Y) | -36.6% | -83.3% |
| Market cap | $3.8B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 0.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRK | VXX |
|---|---|---|
| 2022 | -57.0% | -23.8% |
| 2023 | +39.9% | -72.5% |
| 2024 | +18.1% | -26.2% |
| 2025 | +36.5% | -42.2% |
| 2026 | -9.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRK and VXX good diversifiers for each other?
Yes. With a correlation of -0.47, NMRK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NMRK and VXX?
As of 2026-08-27, the correlation of weekly returns between NMRK and VXX is -0.47 over 3 years, -0.31 over 1 year and -0.40 over 5 years.
Is VXX a good diversifier for NMRK?
Yes. With a correlation of -0.47, NMRK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 mean?
A reading of -0.47 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/nmrk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmrk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NMRK correlations · VXX correlations
