NVR vs VXX: Correlation
Measured on weekly returns over the past three years, NVR, Inc. (NVR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVR and VXX?
On 3 years of weekly data the NVR/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. The 5-year figure is -0.34, and annualized covariance runs at -377.5 %².
VXX is close to the least connected end of NVR's tracked universe, ranking #34 of 38. Their recent paths diverged sharply: over the last 12 months NVR outperformed by 28.9 percentage points (-20.8% for NVR against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.6 times the volatility of the other side.
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.
NVR vs VXX: side by side
| NVR (NVR, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -20.8% | -49.7% |
| 5-year return | +24.2% | -95.6% |
| Volatility (ann.) | 23.4% | 60.9% |
| Beta vs S&P 500 | 0.53 | -3.31 |
| Max drawdown (3Y) | -43.9% | -83.3% |
| Market cap | $17.0B | – |
| P/E (trailing) | 16.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | NVR | VXX |
|---|---|---|
| 2022 | -21.9% | -23.8% |
| 2023 | +51.8% | -72.5% |
| 2024 | +16.8% | -26.2% |
| 2025 | -10.8% | -42.2% |
| 2026 | -12.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVR and VXX?
As of 2026-08-27, the correlation of weekly returns between NVR and VXX is -0.27 over 3 years, -0.34 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for NVR?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/nvr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVR correlations · VXX correlations
