RITM vs VXZ: Correlation
Measured on weekly returns over the past three years, Rithm Capital Corp. (RITM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.52, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RITM and VXZ?
On 3 years of weekly data the RITM/VXZ correlation comes out at -0.52, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.48 over 1 year against -0.52 over 3. The 5-year figure is -0.53, and annualized covariance runs at -279.2 %².
VXZ is close to the least connected end of RITM's tracked universe, ranking #17 of 17. On 12-month performance RITM holds a 5.5-point edge, -10.6% 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.
RITM vs VXZ: side by side
| RITM (Rithm Capital Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -10.6% | -16.1% |
| 5-year return | +53.6% | -53.1% |
| Volatility (ann.) | 20.9% | 25.6% |
| Beta vs S&P 500 | 0.67 | -1.31 |
| Max drawdown (3Y) | -27.3% | -36.4% |
| Market cap | $5.6B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 9.92% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RITM | VXZ |
|---|---|---|
| 2022 | -14.4% | +0.5% |
| 2023 | +45.6% | -44.0% |
| 2024 | +11.1% | -12.7% |
| 2025 | +10.1% | +5.7% |
| 2026 | -3.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RITM and VXZ good diversifiers for each other?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RITM and VXZ?
As of 2026-08-27, the correlation of weekly returns between RITM and VXZ is -0.52 over 3 years, -0.48 over 1 year and -0.53 over 5 years.
Is VXZ a good diversifier for RITM?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/ritm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ritm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RITM correlations · VXZ correlations
