RPAY vs VXX: Correlation
How closely do Repay Holdings Corporation (RPAY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPAY and VXX?
On 3 years of weekly data the RPAY/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.36, and annualized covariance runs at -1097.8 %².
Among the 10 assets we track against RPAY, VXX sits near the bottom by co-movement, at rank #9. The trailing year gives RPAY the advantage: -35.7% versus -49.7%, a 14.0-point spread.
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.
RPAY vs VXX: side by side
| RPAY (Repay Holdings Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.7% | -49.7% |
| 5-year return | -83.6% | -95.6% |
| Volatility (ann.) | 54.1% | 60.9% |
| Beta vs S&P 500 | 1.37 | -3.31 |
| Max drawdown (3Y) | -78.3% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RPAY | VXX |
|---|---|---|
| 2022 | -55.9% | -23.8% |
| 2023 | +6.1% | -72.5% |
| 2024 | -10.7% | -26.2% |
| 2025 | -52.2% | -42.2% |
| 2026 | +3.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPAY and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, RPAY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RPAY and VXX?
As of 2026-08-27, the correlation of weekly returns between RPAY and VXX is -0.33 over 3 years, -0.28 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for RPAY?
Yes. With a correlation of -0.33, RPAY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rpay-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rpay-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RPAY correlations · VXX correlations
