RKLB vs VXX: Correlation
Rocket Lab Corporation (RKLB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RKLB and VXX?
On 3 years of weekly data the RKLB/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.29, and annualized covariance runs at -1759.6 %².
VXX is close to the least connected end of RKLB's tracked universe, ranking #21 of 22. The last year tells two different stories: RKLB led by 95.7 percentage points, +46.0% for RKLB against -49.7% for VXX.
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.
RKLB vs VXX: side by side
| RKLB (Rocket Lab Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +46.0% | -49.7% |
| 5-year return | +573.3% | -95.6% |
| Volatility (ann.) | 85.6% | 60.9% |
| Beta vs S&P 500 | 2.58 | -3.31 |
| Max drawdown (3Y) | -61.0% | -83.3% |
| Market cap | $43.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RKLB | VXX |
|---|---|---|
| 2022 | -69.3% | -23.8% |
| 2023 | +46.7% | -72.5% |
| 2024 | +360.6% | -26.2% |
| 2025 | +173.9% | -42.2% |
| 2026 | -3.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RKLB and VXX good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RKLB and VXX?
The RKLB/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.27, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for RKLB?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
A reading of -0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rklb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rklb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RKLB correlations · VXX correlations
