RDDT vs VXZ: Correlation
Measured on weekly returns over the past three years, Reddit (RDDT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDDT and VXZ?
On 3 years of weekly data the RDDT/VXZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.37 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -708.4 %².
VXZ is close to the least connected end of RDDT's tracked universe, ranking #38 of 40. Over the last 12 months VXZ came out ahead by 11.0 percentage points (-27.1% against -16.1%). One caveat on sizing: RDDT is 2.9 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.
RDDT vs VXZ: side by side
| RDDT (Reddit) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.1% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 75.2% | 25.6% |
| Beta vs S&P 500 | 2.59 | -1.31 |
| Max drawdown (3Y) | -61.4% | -36.4% |
| Market cap | $29.6B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | RDDT | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | +40.6% | +5.7% |
| 2026 | -33.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDDT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between RDDT and VXZ?
As of 2026-08-27, the correlation of weekly returns between RDDT and VXZ is -0.37 over 3 years, -0.49 over 1 year and n/a over 5 years.
Is VXZ a good diversifier for RDDT?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
A reading of -0.37 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/rddt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rddt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RDDT correlations · VXZ correlations
