RHP vs VXX: Correlation
Measured on weekly returns over the past three years, Ryman Hospitality Properties, Inc. (REIT) (RHP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RHP and VXX?
On 3 years of weekly data the RHP/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.22) runs above the 3-year figure (-0.42). The 5-year figure is -0.41, and annualized covariance runs at -604.5 %².
Out of 14 assets tracked against RHP, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months RHP outperformed by 86.1 percentage points (+36.4% for RHP against -49.7% for VXX). One caveat on sizing: VXX is 2.6 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.
RHP vs VXX: side by side
| RHP (Ryman Hospitality Properties, Inc. (REIT)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.4% | -49.7% |
| 5-year return | +87.5% | -95.6% |
| Volatility (ann.) | 23.4% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -32.1% | -83.3% |
| Market cap | $8.9B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RHP | VXX |
|---|---|---|
| 2022 | -10.7% | -23.8% |
| 2023 | +40.4% | -72.5% |
| 2024 | -1.1% | -26.2% |
| 2025 | -4.8% | -42.2% |
| 2026 | +39.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RHP and VXX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RHP and VXX?
The RHP/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.22, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for RHP?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rhp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rhp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RHP correlations · VXX correlations
