RGP vs VXZ: Correlation
Resources Connection, Inc. (RGP) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGP and VXZ?
On 3 years of weekly data the RGP/VXZ correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.23) runs above the 3-year figure (-0.40). The 5-year figure is -0.39, and annualized covariance runs at -394.4 %².
VXZ is close to the least connected end of RGP's tracked universe, ranking #11 of 12. On 12-month performance RGP holds a 6.0-point edge, -10.1% against -16.1%.
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 VXZ: side by side
| RGP (Resources Connection, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -10.1% | -16.1% |
| 5-year return | -66.0% | -53.1% |
| Volatility (ann.) | 38.4% | 25.6% |
| Beta vs S&P 500 | 1.20 | -1.31 |
| Max drawdown (3Y) | -74.7% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.67% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGP | VXZ |
|---|---|---|
| 2022 | +6.3% | +0.5% |
| 2023 | -20.1% | -44.0% |
| 2024 | -36.5% | -12.7% |
| 2025 | -37.3% | +5.7% |
| 2026 | -12.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGP and VXZ good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RGP and VXZ?
The RGP/VXZ correlation stands at -0.40 on a 3-year window (1 year: -0.23, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RGP?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RGP correlations · VXZ correlations
