NRDS vs VXX: Correlation
NerdWallet, Inc. (NRDS) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRDS and VXX?
Across a 3-year window, the weekly returns of NRDS and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.23) runs above the 3-year figure (-0.36). Stretching to 5 years gives -0.36, with an annualized covariance of -1219.1 %².
Among the 12 assets we track against NRDS, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: NRDS led by 42.3 percentage points, -7.4% for NRDS 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.
NRDS vs VXX: side by side
| NRDS (NerdWallet, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.4% | -49.7% |
| 5-year return | -65.7% | -95.6% |
| Volatility (ann.) | 55.3% | 60.9% |
| Beta vs S&P 500 | 1.08 | -3.31 |
| Max drawdown (3Y) | -55.4% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRDS | VXX |
|---|---|---|
| 2022 | -38.3% | -23.8% |
| 2023 | +53.3% | -72.5% |
| 2024 | -9.6% | -26.2% |
| 2025 | +1.9% | -42.2% |
| 2026 | -28.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRDS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between NRDS and VXX?
As of 2026-08-27, the correlation of weekly returns between NRDS and VXX is -0.36 over 3 years, -0.23 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for NRDS?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 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/nrds-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrds-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRDS correlations · VXX correlations
