RNXT vs VXX: Correlation
RenovoRx, Inc. (RNXT) 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 -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RNXT and VXX?
Across a 3-year window, the weekly returns of RNXT and VXX correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -1406.1 %².
Among the 10 assets we track against RNXT, VXX sits near the bottom by co-movement, at rank #8. The last year tells two different stories: RNXT led by 109.7 percentage points, +60.0% for RNXT against -49.7% for VXX. Note the risk asymmetry: RNXT runs 1.9 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.
RNXT vs VXX: side by side
| RNXT (RenovoRx, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +60.0% | -49.7% |
| 5-year return | -90.8% | -95.6% |
| Volatility (ann.) | 116.0% | 60.9% |
| Beta vs S&P 500 | 1.24 | -3.31 |
| Max drawdown (3Y) | -68.0% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNXT | VXX |
|---|---|---|
| 2022 | -51.4% | -23.8% |
| 2023 | -2.6% | -72.5% |
| 2024 | -43.7% | -26.2% |
| 2025 | -34.9% | -42.2% |
| 2026 | +76.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNXT and VXX good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RNXT and VXX?
The RNXT/VXX correlation stands at -0.20 on a 3-year window (1 year: -0.26, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for RNXT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/rnxt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rnxt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RNXT correlations · VXX correlations
