RICK vs VXZ: Correlation
Measured on weekly returns over the past three years, RCI Hospitality Holdings, Inc. (RICK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RICK and VXZ?
Over the past 3 years, RICK and VXZ moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.21) runs above the 3-year figure (-0.38). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -375.7 %².
Out of 11 assets tracked against RICK, VXZ lands near the bottom at #11. Twelve-month performance is nearly a tie, at -19.9% for RICK and -16.1% for VXZ. Risk is not evenly split, since RICK 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.
RICK vs VXZ: side by side
| RICK (RCI Hospitality Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.9% | -16.1% |
| 5-year return | -54.1% | -53.1% |
| Volatility (ann.) | 39.0% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -68.8% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.01% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RICK | VXZ |
|---|---|---|
| 2022 | +20.0% | +0.5% |
| 2023 | -28.7% | -44.0% |
| 2024 | -12.8% | -12.7% |
| 2025 | -58.2% | +5.7% |
| 2026 | +24.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RICK and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between RICK and VXZ?
As of 2026-08-27, the correlation of weekly returns between RICK and VXZ is -0.38 over 3 years, -0.21 over 1 year and -0.37 over 5 years.
Is VXZ a good diversifier for RICK?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 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/rick-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rick-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RICK correlations · VXZ correlations
