RAPP vs VXX: Correlation
Rapport Therapeutics, Inc. (RAPP) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAPP and VXX?
Over the past 3 years, RAPP and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.24 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1444.2 %².
Among the 20 assets we track against RAPP, VXX sits near the bottom by co-movement, at rank #18. The last year tells two different stories: RAPP led by 289.2 percentage points, +239.5% for RAPP 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.
RAPP vs VXX: side by side
| RAPP (Rapport Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +239.5% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 89.6% | 60.9% |
| Beta vs S&P 500 | 1.91 | -3.31 |
| Max drawdown (3Y) | -75.5% | -83.3% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAPP | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | +71.0% | -42.2% |
| 2026 | +67.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAPP and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between RAPP and VXX?
As of 2026-08-27, the correlation of weekly returns between RAPP and VXX is -0.24 over 3 years, -0.19 over 1 year and n/a over 5 years.
Is VXX a good diversifier for RAPP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/rapp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rapp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RAPP correlations · VXX correlations
