RGP vs VXX: Correlation
Resources Connection, Inc. (RGP) 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 -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGP and VXX?
Over the past 3 years, RGP and VXX moved with a correlation of -0.44, which is 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 -0.44 over 3 years. Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -1020.5 %².
Among the 12 assets we track against RGP, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: RGP led by 39.6 percentage points, -10.1% for RGP against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.6 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.
RGP vs VXX: side by side
| RGP (Resources Connection, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -10.1% | -49.7% |
| 5-year return | -66.0% | -95.6% |
| Volatility (ann.) | 38.4% | 60.9% |
| Beta vs S&P 500 | 1.20 | -3.31 |
| Max drawdown (3Y) | -74.7% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGP | VXX |
|---|---|---|
| 2022 | +6.3% | -23.8% |
| 2023 | -20.1% | -72.5% |
| 2024 | -36.5% | -26.2% |
| 2025 | -37.3% | -42.2% |
| 2026 | -12.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGP and VXX good diversifiers for each other?
Yes. With a correlation of -0.44, RGP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RGP and VXX?
As of 2026-08-27, the correlation of weekly returns between RGP and VXX is -0.44 over 3 years, -0.33 over 1 year and -0.38 over 5 years.
Is VXX a good diversifier for RGP?
Yes. With a correlation of -0.44, RGP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 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/rgp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RGP correlations · VXX correlations
