RRGB vs VXX: Correlation
Measured on weekly returns over the past three years, Red Robin Gourmet Burgers, Inc. (RRGB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRGB and VXX?
Across a 3-year window, the weekly returns of RRGB and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.33). Stretching to 5 years gives -0.33, with an annualized covariance of -1742.7 %².
VXX is close to the least connected end of RRGB's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months RRGB outperformed by 95.1 percentage points (+45.4% for RRGB against -49.7% for VXX).
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.
RRGB vs VXX: side by side
| RRGB (Red Robin Gourmet Burgers, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +45.4% | -49.7% |
| 5-year return | -61.2% | -95.6% |
| Volatility (ann.) | 86.0% | 60.9% |
| Beta vs S&P 500 | 1.99 | -3.31 |
| Max drawdown (3Y) | -79.7% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRGB | VXX |
|---|---|---|
| 2022 | -66.2% | -23.8% |
| 2023 | +123.5% | -72.5% |
| 2024 | -56.0% | -26.2% |
| 2025 | -26.2% | -42.2% |
| 2026 | +132.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRGB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between RRGB and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.49 over the last year and -0.33 over 5 years.
Is VXX a good diversifier for RRGB?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
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/rrgb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrgb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RRGB correlations · VXX correlations
