REPX vs VXX: Correlation
Measured on weekly returns over the past three years, Riley Exploration Permian, Inc. (REPX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REPX and VXX?
Across a 3-year window, the weekly returns of REPX and VXX correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.33 versus -0.27 over 3 years. Stretching to 5 years gives -0.29, with an annualized covariance of -743.0 %².
Among the 11 assets we track against REPX, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: REPX led by 89.5 percentage points, +39.8% for REPX 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.
REPX vs VXX: side by side
| REPX (Riley Exploration Permian, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.8% | -49.7% |
| 5-year return | +145.9% | -95.6% |
| Volatility (ann.) | 46.0% | 60.9% |
| Beta vs S&P 500 | 0.58 | -3.31 |
| Max drawdown (3Y) | -38.0% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 6.7 | – |
| Dividend yield | 4.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REPX | VXX |
|---|---|---|
| 2022 | +60.2% | -23.8% |
| 2023 | -3.9% | -72.5% |
| 2024 | +23.8% | -26.2% |
| 2025 | -12.7% | -42.2% |
| 2026 | +50.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REPX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between REPX and VXX?
As of 2026-08-27, the correlation of weekly returns between REPX and VXX is -0.27 over 3 years, 0.33 over 1 year and -0.29 over 5 years.
Is VXX a good diversifier for REPX?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/repx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/repx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: REPX correlations · VXX correlations
