RGCO vs VXZ: Correlation
RGC Resources Inc. (RGCO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGCO and VXZ?
Across a 3-year window, the weekly returns of RGCO and VXZ correlate at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.14) than the 3-year average (-0.31). Stretching to 5 years gives -0.21, with an annualized covariance of -248.5 %².
Among the 11 assets we track against RGCO, VXZ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: RGCO led by 18.0 percentage points, +1.9% for RGCO against -16.1% for VXZ.
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.
RGCO vs VXZ: side by side
| RGCO (RGC Resources Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.9% | -16.1% |
| 5-year return | +10.2% | -53.1% |
| Volatility (ann.) | 31.0% | 25.6% |
| Beta vs S&P 500 | 0.66 | -1.31 |
| Max drawdown (3Y) | -19.2% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 3.91% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGCO | VXZ |
|---|---|---|
| 2022 | -0.6% | +0.5% |
| 2023 | -4.1% | -44.0% |
| 2024 | +2.5% | -12.7% |
| 2025 | +10.4% | +5.7% |
| 2026 | +5.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGCO and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, RGCO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RGCO and VXZ?
As of 2026-08-27, the correlation of weekly returns between RGCO and VXZ is -0.31 over 3 years, -0.14 over 1 year and -0.21 over 5 years.
Is VXZ a good diversifier for RGCO?
Yes. With a correlation of -0.31, RGCO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/rgco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgco-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RGCO correlations · VXZ correlations
