NNBR vs VXX: Correlation
How closely do NN, Inc. (NNBR) 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 -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNBR and VXX?
Over the past 3 years, NNBR and VXX moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.28) runs above the 3-year figure (-0.40). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -1873.1 %².
Among the 11 assets we track against NNBR, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with NNBR ahead by 89.7 points (+40.0% 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.
NNBR vs VXX: side by side
| NNBR (NN, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +40.0% | -49.7% |
| 5-year return | -34.0% | -95.6% |
| Volatility (ann.) | 76.0% | 60.9% |
| Beta vs S&P 500 | 2.49 | -3.31 |
| Max drawdown (3Y) | -77.8% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNBR | VXX |
|---|---|---|
| 2022 | -63.4% | -23.8% |
| 2023 | +166.7% | -72.5% |
| 2024 | -18.3% | -26.2% |
| 2025 | -60.9% | -42.2% |
| 2026 | +178.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNBR and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NNBR and VXX?
As of 2026-08-27, the correlation of weekly returns between NNBR and VXX is -0.40 over 3 years, -0.28 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for NNBR?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/nnbr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nnbr-vs-vxx/)
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Related comparisons
Hubs: NNBR correlations · VXX correlations
