RM vs VXX: Correlation
How closely do Regional Management Corp. (RM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RM and VXX?
Across a 3-year window, the weekly returns of RM and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -798.6 %².
Among the 13 assets we track against RM, VXX sits near the bottom by co-movement, at rank #13. The last year tells two different stories: RM led by 29.6 percentage points, -20.1% for RM against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.6 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.
RM vs VXX: side by side
| RM (Regional Management Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -20.1% | -49.7% |
| 5-year return | -32.6% | -95.6% |
| Volatility (ann.) | 38.2% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -31.0% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 6.9 | – |
| Dividend yield | 3.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RM | VXX |
|---|---|---|
| 2022 | -49.6% | -23.8% |
| 2023 | -6.6% | -72.5% |
| 2024 | +41.5% | -26.2% |
| 2025 | +18.1% | -42.2% |
| 2026 | -13.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RM 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 RM and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.25 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for RM?
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/rm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RM correlations · VXX correlations
