RMD vs VXX: Correlation
Measured on weekly returns over the past three years, ResMed (RMD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMD and VXX?
Over the past 3 years, RMD and VXX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.22 over 3 years. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -425.6 %².
Among the 29 assets we track against RMD, VXX sits near the bottom by co-movement, at rank #26. The last year tells two different stories: RMD led by 34.2 percentage points, -15.5% for RMD against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RMD vs VXX: side by side
| RMD (ResMed) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -15.5% | -49.7% |
| 5-year return | -14.6% | -95.6% |
| Volatility (ann.) | 31.2% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -37.3% | -83.3% |
| Market cap | $34.0B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | RMD | VXX |
|---|---|---|
| 2022 | -19.5% | -23.8% |
| 2023 | -16.5% | -72.5% |
| 2024 | +34.2% | -26.2% |
| 2025 | +6.3% | -42.2% |
| 2026 | -1.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between RMD and VXX?
As of 2026-08-27, the correlation of weekly returns between RMD and VXX is -0.22 over 3 years, -0.09 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for RMD?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/rmd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RMD correlations · VXX correlations
