NNE vs VXX: Correlation
Measured on weekly returns over the past three years, Nano Nuclear Energy Inc. (NNE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNE and VXX?
Across a 3-year window, the weekly returns of NNE and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -2911.6 %².
Among the 18 assets we track against NNE, VXX sits near the bottom by co-movement, at rank #17. The trailing year gives NNE the advantage: -41.5% versus -49.7%, a 8.2-point spread. One caveat on sizing: NNE is 2.5 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.
NNE vs VXX: side by side
| NNE (Nano Nuclear Energy Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -41.5% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 155.1% | 60.9% |
| Beta vs S&P 500 | 4.18 | -3.31 |
| Max drawdown (3Y) | -77.7% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNE | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | -3.6% | -42.2% |
| 2026 | -19.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNE 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 NNE and VXX?
The NNE/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for NNE?
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?
On the −1 to +1 scale, -0.29 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/nne-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nne-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NNE correlations · VXX correlations
