RDN vs VXX: Correlation
Radian Group Inc. (RDN) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDN and VXX?
Across a 3-year window, the weekly returns of RDN and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.36 over 3 years. Stretching to 5 years gives -0.35, with an annualized covariance of -510.8 %².
Among the 12 assets we track against RDN, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: RDN led by 57.3 percentage points, +7.6% for RDN against -49.7% for VXX. One caveat on sizing: VXX is 2.6 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.
RDN vs VXX: side by side
| RDN (Radian Group Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.6% | -49.7% |
| 5-year return | +82.4% | -95.6% |
| Volatility (ann.) | 23.5% | 60.9% |
| Beta vs S&P 500 | 0.64 | -3.31 |
| Max drawdown (3Y) | -16.5% | -83.3% |
| Market cap | $4.8B | – |
| P/E (trailing) | 9.1 | – |
| Dividend yield | 2.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDN | VXX |
|---|---|---|
| 2022 | -6.3% | -23.8% |
| 2023 | +55.3% | -72.5% |
| 2024 | +14.5% | -26.2% |
| 2025 | +16.9% | -42.2% |
| 2026 | +3.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDN and VXX 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 RDN and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.14 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for RDN?
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/rdn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rdn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RDN correlations · VXX correlations
