NXG vs VXX: Correlation
Measured on weekly returns over the past three years, NXG NextGen Infrastructure Income Fund (NXG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXG and VXX?
On 3 years of weekly data the NXG/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.33). The 5-year figure is -0.39, and annualized covariance runs at -571.1 %².
VXX is close to the least connected end of NXG's tracked universe, ranking #9 of 10. The last year tells two different stories: NXG led by 85.2 percentage points, +35.5% for NXG against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NXG vs VXX: side by side
| NXG (NXG NextGen Infrastructure Income Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.5% | -49.7% |
| 5-year return | +116.8% | -95.6% |
| Volatility (ann.) | 28.6% | 60.9% |
| Beta vs S&P 500 | 0.60 | -3.31 |
| Max drawdown (3Y) | -26.2% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 2.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXG | VXX |
|---|---|---|
| 2022 | -7.6% | -23.8% |
| 2023 | +4.3% | -72.5% |
| 2024 | +50.6% | -26.2% |
| 2025 | +25.8% | -42.2% |
| 2026 | +20.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXG and VXX?
The NXG/VXX correlation stands at -0.33 on a 3-year window (1 year: -0.15, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for NXG?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/nxg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXG correlations · VXX correlations
