RMNI vs VXZ: Correlation
Measured on weekly returns over the past three years, Rimini Street, Inc. (RMNI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMNI and VXZ?
Across a 3-year window, the weekly returns of RMNI and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.34). Stretching to 5 years gives -0.28, with an annualized covariance of -517.1 %².
Among the 10 assets we track against RMNI, VXZ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: RMNI led by 43.7 percentage points, +27.6% for RMNI against -16.1% for VXZ. Note the risk asymmetry: RMNI runs 2.3 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.
RMNI vs VXZ: side by side
| RMNI (Rimini Street, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.6% | -16.1% |
| 5-year return | -42.9% | -53.1% |
| Volatility (ann.) | 59.7% | 25.6% |
| Beta vs S&P 500 | 1.19 | -1.31 |
| Max drawdown (3Y) | -53.5% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 76.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMNI | VXZ |
|---|---|---|
| 2022 | -36.2% | +0.5% |
| 2023 | -14.2% | -44.0% |
| 2024 | -18.3% | -12.7% |
| 2025 | +45.3% | +5.7% |
| 2026 | +38.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMNI and VXZ 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 RMNI and VXZ?
The RMNI/VXZ correlation stands at -0.34 on a 3-year window (1 year: -0.46, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RMNI?
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?
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/rmni-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmni-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMNI correlations · VXZ correlations
