REI vs VXX: Correlation
Ring Energy, Inc. (REI) 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 -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REI and VXX?
On 3 years of weekly data the REI/VXX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.12) than the 3-year average (-0.20). The 5-year figure is -0.21, and annualized covariance runs at -666.8 %².
Out of 11 assets tracked against REI, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months REI outperformed by 83.3 percentage points (+33.6% for REI against -49.7% for VXX).
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.
REI vs VXX: side by side
| REI (Ring Energy, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.6% | -49.7% |
| 5-year return | -36.4% | -95.6% |
| Volatility (ann.) | 54.5% | 60.9% |
| Beta vs S&P 500 | 0.37 | -3.31 |
| Max drawdown (3Y) | -65.6% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REI | VXX |
|---|---|---|
| 2022 | +7.9% | -23.8% |
| 2023 | -40.7% | -72.5% |
| 2024 | -6.8% | -26.2% |
| 2025 | -36.0% | -42.2% |
| 2026 | +69.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between REI and VXX?
As of 2026-08-27, the correlation of weekly returns between REI and VXX is -0.20 over 3 years, 0.12 over 1 year and -0.21 over 5 years.
Is VXX a good diversifier for REI?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/rei-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rei-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: REI correlations · VXX correlations
