RELL vs VXX: Correlation
Measured on weekly returns over the past three years, Richardson Electronics, Ltd. (RELL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RELL and VXX?
On 3 years of weekly data the RELL/VXX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.29 over 3 years. The 5-year figure is -0.31, and annualized covariance runs at -740.3 %².
Among the 11 assets we track against RELL, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: RELL led by 135.3 percentage points, +85.6% for RELL 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.
RELL vs VXX: side by side
| RELL (Richardson Electronics, Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +85.6% | -49.7% |
| 5-year return | +131.1% | -95.6% |
| Volatility (ann.) | 42.1% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -45.1% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 40.0 | – |
| Dividend yield | 1.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RELL | VXX |
|---|---|---|
| 2022 | +60.3% | -23.8% |
| 2023 | -36.4% | -72.5% |
| 2024 | +7.4% | -26.2% |
| 2025 | -20.6% | -42.2% |
| 2026 | +67.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RELL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between RELL and VXX?
As of 2026-08-27, the correlation of weekly returns between RELL and VXX is -0.29 over 3 years, -0.12 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for RELL?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rell-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rell-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RELL correlations · VXX correlations
