RGT vs VXZ: Correlation
Royce Global Trust, Inc. (RGT) 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 -0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGT and VXZ?
Across a 3-year window, the weekly returns of RGT and VXZ correlate at -0.68, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.59 lands near the 3-year figure. Stretching to 5 years gives -0.67, with an annualized covariance of -297.4 %².
Among the 23 assets we track against RGT, VXZ sits near the bottom by co-movement, at rank #22. Their recent paths diverged sharply: over the last 12 months RGT outperformed by 40.2 percentage points (+24.1% for RGT against -16.1% for VXZ). Risk is not evenly split, since VXZ carries 1.5 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.
RGT vs VXZ: side by side
| RGT (Royce Global Trust, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.1% | -16.1% |
| 5-year return | +25.5% | -53.1% |
| Volatility (ann.) | 17.0% | 25.6% |
| Beta vs S&P 500 | 0.91 | -1.31 |
| Max drawdown (3Y) | -19.0% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGT | VXZ |
|---|---|---|
| 2022 | -33.1% | +0.5% |
| 2023 | +14.6% | -44.0% |
| 2024 | +14.4% | -12.7% |
| 2025 | +24.1% | +5.7% |
| 2026 | +18.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGT and VXZ good diversifiers for each other?
Yes: at -0.68, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RGT and VXZ?
Using weekly returns as of 2026-08-27: -0.68 over 3 years, with -0.59 over the last year and -0.67 over 5 years.
Is VXZ a good diversifier for RGT?
Yes: at -0.68, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.68 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RGT correlations · VXZ correlations
