NXRT vs VXX: Correlation
Measured on weekly returns over the past three years, NexPoint Residential Trust, Inc. (NXRT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXRT and VXX?
Over the past 3 years, NXRT and VXX moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.42). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -739.7 %².
Out of 17 assets tracked against NXRT, VXX lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months NXRT outperformed by 24.8 percentage points (-24.9% for NXRT against -49.7% for VXX). One caveat on sizing: VXX is 2.1 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.
NXRT vs VXX: side by side
| NXRT (NexPoint Residential Trust, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -24.9% | -49.7% |
| 5-year return | -54.1% | -95.6% |
| Volatility (ann.) | 29.2% | 60.9% |
| Beta vs S&P 500 | 0.83 | -3.31 |
| Max drawdown (3Y) | -45.0% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXRT | VXX |
|---|---|---|
| 2022 | -46.7% | -23.8% |
| 2023 | -17.3% | -72.5% |
| 2024 | +27.3% | -26.2% |
| 2025 | -23.3% | -42.2% |
| 2026 | -18.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXRT and VXX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NXRT and VXX?
The NXRT/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.18, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for NXRT?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 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/nxrt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxrt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXRT correlations · VXX correlations
