RCKY vs VXZ: Correlation
Rocky Brands, Inc. (RCKY) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCKY and VXZ?
Across a 3-year window, the weekly returns of RCKY and VXZ correlate at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.23) than the 3-year average (-0.42). Stretching to 5 years gives -0.39, with an annualized covariance of -722.9 %².
Among the 12 assets we track against RCKY, VXZ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with RCKY ahead by 66.4 points (+50.3% versus -16.1%). Note the risk asymmetry: RCKY runs 2.7 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.
RCKY vs VXZ: side by side
| RCKY (Rocky Brands, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +50.3% | -16.1% |
| 5-year return | +0.6% | -53.1% |
| Volatility (ann.) | 68.1% | 25.6% |
| Beta vs S&P 500 | 1.66 | -1.31 |
| Max drawdown (3Y) | -68.0% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 1.40% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCKY | VXZ |
|---|---|---|
| 2022 | -39.5% | +0.5% |
| 2023 | +31.4% | -44.0% |
| 2024 | -22.8% | -12.7% |
| 2025 | +31.9% | +5.7% |
| 2026 | +55.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCKY and VXZ 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 RCKY and VXZ?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.23 over the last year and -0.39 over 5 years.
Is VXZ a good diversifier for RCKY?
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?
A reading of -0.42 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/rcky-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcky-vs-vxz/)
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Related comparisons
Hubs: RCKY correlations · VXZ correlations
