RRC vs VXX: Correlation
Measured on weekly returns over the past three years, Range Resources Corporation (RRC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRC and VXX?
On 3 years of weekly data the RRC/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.20) than the 3-year average (-0.25). The 5-year figure is -0.22, and annualized covariance runs at -510.8 %².
Out of 13 assets tracked against RRC, VXX lands near the bottom at #11. The last year tells two different stories: RRC led by 74.0 percentage points, +24.3% for RRC against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.8 times the volatility of the other side.
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.
RRC vs VXX: side by side
| RRC (Range Resources Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.3% | -49.7% |
| 5-year return | +195.2% | -95.6% |
| Volatility (ann.) | 33.0% | 60.9% |
| Beta vs S&P 500 | 0.34 | -3.31 |
| Max drawdown (3Y) | -28.0% | -83.3% |
| Market cap | $9.7B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.91% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRC | VXX |
|---|---|---|
| 2022 | +41.1% | -23.8% |
| 2023 | +23.1% | -72.5% |
| 2024 | +19.3% | -26.2% |
| 2025 | -1.0% | -42.2% |
| 2026 | +18.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRC and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, RRC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RRC and VXX?
The RRC/VXX correlation stands at -0.25 on a 3-year window (1 year: 0.20, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for RRC?
Yes. With a correlation of -0.25, RRC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/rrc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RRC correlations · VXX correlations
