RCL vs VXX: Correlation
How closely do Royal Caribbean Group (RCL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.51, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCL and VXX?
Across a 3-year window, the weekly returns of RCL and VXX correlate at -0.51, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.34) than the 3-year average (-0.51). Stretching to 5 years gives -0.46, with an annualized covariance of -1292.4 %².
Among the 37 assets we track against RCL, VXX sits near the bottom by co-movement, at rank #37. Correlation aside, the last 12 months split them widely, with RCL ahead by 30.4 points (-19.3% versus -49.7%).
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.
RCL vs VXX: side by side
| RCL (Royal Caribbean Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.3% | -49.7% |
| 5-year return | +257.6% | -95.6% |
| Volatility (ann.) | 41.3% | 60.9% |
| Beta vs S&P 500 | 1.46 | -3.31 |
| Max drawdown (3Y) | -35.0% | -83.3% |
| Market cap | $76.2B | – |
| P/E (trailing) | 17.9 | – |
| Dividend yield | 1.72% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | RCL | VXX |
|---|---|---|
| 2022 | -35.7% | -23.8% |
| 2023 | +162.0% | -72.5% |
| 2024 | +79.0% | -26.2% |
| 2025 | +22.5% | -42.2% |
| 2026 | +3.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCL and VXX good diversifiers for each other?
Yes. With a correlation of -0.51, RCL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RCL and VXX?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.34 over the last year and -0.46 over 5 years.
Is VXX a good diversifier for RCL?
Yes. With a correlation of -0.51, RCL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 mean?
On the −1 to +1 scale, -0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rcl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RCL correlations · VXX correlations
