RRBI vs VXX: Correlation
Red River Bancshares, Inc. (RRBI) 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 -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRBI and VXX?
Over the past 3 years, RRBI and VXX moved with a correlation of -0.43, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.43). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -614.9 %².
VXX is close to the least connected end of RRBI's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with RRBI ahead by 104.5 points (+54.8% versus -49.7%). One caveat on sizing: VXX is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RRBI vs VXX: side by side
| RRBI (Red River Bancshares, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +54.8% | -49.7% |
| 5-year return | +108.4% | -95.6% |
| Volatility (ann.) | 23.7% | 60.9% |
| Beta vs S&P 500 | 0.62 | -3.31 |
| Max drawdown (3Y) | -23.0% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRBI | VXX |
|---|---|---|
| 2022 | -4.0% | -23.8% |
| 2023 | +10.6% | -72.5% |
| 2024 | -3.1% | -26.2% |
| 2025 | +33.5% | -42.2% |
| 2026 | +42.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRBI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between RRBI and VXX?
As of 2026-08-27, the correlation of weekly returns between RRBI and VXX is -0.43 over 3 years, -0.22 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for RRBI?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 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/rrbi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrbi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RRBI correlations · VXX correlations
