ROG vs VXX: Correlation
Rogers Corporation (ROG) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROG and VXX?
Across a 3-year window, the weekly returns of ROG and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.16) than the 3-year average (-0.39). Stretching to 5 years gives -0.26, with an annualized covariance of -821.4 %².
VXX is close to the least connected end of ROG's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with ROG ahead by 112.5 points (+62.8% versus -49.7%). Note the risk asymmetry: VXX runs 1.8 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.
ROG vs VXX: side by side
| ROG (Rogers Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +62.8% | -49.7% |
| 5-year return | -39.5% | -95.6% |
| Volatility (ann.) | 34.4% | 60.9% |
| Beta vs S&P 500 | 1.02 | -3.31 |
| Max drawdown (3Y) | -64.0% | -83.3% |
| Market cap | $2.3B | – |
| P/E (trailing) | 74.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ROG | VXX |
|---|---|---|
| 2022 | -56.3% | -23.8% |
| 2023 | +10.7% | -72.5% |
| 2024 | -23.1% | -26.2% |
| 2025 | -9.9% | -42.2% |
| 2026 | +41.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROG and VXX good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ROG and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.16 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for ROG?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
A reading of -0.39 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/rog-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rog-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROG correlations · VXX correlations
