RGT vs VXX: Correlation
How closely do Royce Global Trust, Inc. (RGT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.70, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGT and VXX?
On 3 years of weekly data the RGT/VXX correlation comes out at -0.70, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.56) runs above the 3-year figure (-0.70). The 5-year figure is -0.63, and annualized covariance runs at -727.7 %².
Among the 23 assets we track against RGT, VXX sits near the bottom by co-movement, at rank #23. Correlation aside, the last 12 months split them widely, with RGT ahead by 73.8 points (+24.1% versus -49.7%). One caveat on sizing: VXX is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RGT vs VXX: side by side
| RGT (Royce Global Trust, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.1% | -49.7% |
| 5-year return | +25.5% | -95.6% |
| Volatility (ann.) | 17.0% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -19.0% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGT | VXX |
|---|---|---|
| 2022 | -33.1% | -23.8% |
| 2023 | +14.6% | -72.5% |
| 2024 | +14.4% | -26.2% |
| 2025 | +24.1% | -42.2% |
| 2026 | +18.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGT and VXX good diversifiers for each other?
Yes: at -0.70, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RGT and VXX?
As of 2026-08-27, the correlation of weekly returns between RGT and VXX is -0.70 over 3 years, -0.56 over 1 year and -0.63 over 5 years.
Is VXX a good diversifier for RGT?
Yes: at -0.70, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.70 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/rgt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RGT correlations · VXX correlations
