RC vs VXZ: Correlation
How closely do Ready Capital Corporation (RC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RC and VXZ?
On 3 years of weekly data the RC/VXZ correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.41, and annualized covariance runs at -353.6 %².
Among the 14 assets we track against RC, VXZ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: VXZ led by 37.9 percentage points, -54.0% for RC against -16.1% for VXZ.
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.
RC vs VXZ: side by side
| RC (Ready Capital Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -54.0% | -16.1% |
| 5-year return | -78.5% | -53.1% |
| Volatility (ann.) | 38.3% | 25.6% |
| Beta vs S&P 500 | 1.11 | -1.31 |
| Max drawdown (3Y) | -83.7% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.42% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RC | VXZ |
|---|---|---|
| 2022 | -18.3% | +0.5% |
| 2023 | +5.9% | -44.0% |
| 2024 | -23.5% | -12.7% |
| 2025 | -65.0% | +5.7% |
| 2026 | -14.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RC and VXZ 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 RC and VXZ?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.36 over the last year and -0.41 over 5 years.
Is VXZ a good diversifier for RC?
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?
A reading of -0.36 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/rc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RC correlations · VXZ correlations
