RGA vs VXX: Correlation
Measured on weekly returns over the past three years, Reinsurance Group of America, Incorporated (RGA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGA and VXX?
Across a 3-year window, the weekly returns of RGA and VXX correlate at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.21) than the 3-year average (-0.47). Stretching to 5 years gives -0.44, with an annualized covariance of -658.2 %².
VXX is close to the least connected end of RGA's tracked universe, ranking #13 of 14. The last year tells two different stories: RGA led by 78.7 percentage points, +29.0% for RGA against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.6 times the volatility of the other side.
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.
RGA vs VXX: side by side
| RGA (Reinsurance Group of America, Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.0% | -49.7% |
| 5-year return | +136.6% | -95.6% |
| Volatility (ann.) | 23.0% | 60.9% |
| Beta vs S&P 500 | 0.60 | -3.31 |
| Max drawdown (3Y) | -27.1% | -83.3% |
| Market cap | $16.1B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 1.51% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGA | VXX |
|---|---|---|
| 2022 | +33.0% | -23.8% |
| 2023 | +16.4% | -72.5% |
| 2024 | +34.4% | -26.2% |
| 2025 | -3.0% | -42.2% |
| 2026 | +22.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between RGA and VXX?
As of 2026-08-27, the correlation of weekly returns between RGA and VXX is -0.47 over 3 years, -0.21 over 1 year and -0.44 over 5 years.
Is VXX a good diversifier for RGA?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/rga-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rga-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RGA correlations · VXX correlations
