RNST vs VXX: Correlation
Measured on weekly returns over the past three years, Renasant Corporation (RNST) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) 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 RNST and VXX?
Across a 3-year window, the weekly returns of RNST and VXX correlate at -0.52, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.28) than the 3-year average (-0.52). Stretching to 5 years gives -0.45, with an annualized covariance of -952.6 %².
Out of 18 assets tracked against RNST, VXX lands near the bottom at #17. Correlation aside, the last 12 months split them widely, with RNST ahead by 56.8 points (+7.1% versus -49.7%). 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.
RNST vs VXX: side by side
| RNST (Renasant Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.1% | -49.7% |
| 5-year return | +34.8% | -95.6% |
| Volatility (ann.) | 30.4% | 60.9% |
| Beta vs S&P 500 | 0.95 | -3.31 |
| Max drawdown (3Y) | -29.3% | -83.3% |
| Market cap | $3.8B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.24% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNST | VXX |
|---|---|---|
| 2022 | +1.7% | -23.8% |
| 2023 | -7.7% | -72.5% |
| 2024 | +9.1% | -26.2% |
| 2025 | +1.0% | -42.2% |
| 2026 | +18.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNST and VXX good diversifiers for each other?
Yes. With a correlation of -0.52, RNST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RNST and VXX?
As of 2026-08-27, the correlation of weekly returns between RNST and VXX is -0.52 over 3 years, -0.28 over 1 year and -0.45 over 5 years.
Is VXX a good diversifier for RNST?
Yes. With a correlation of -0.52, RNST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 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/rnst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rnst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RNST correlations · VXX correlations
