RRR vs VXX: Correlation
Measured on weekly returns over the past three years, Red Rock Resorts, Inc. (RRR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRR and VXX?
Across a 3-year window, the weekly returns of RRR and VXX correlate at -0.43, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.38 over 1 year against -0.43 over 3. Stretching to 5 years gives -0.42, with an annualized covariance of -848.7 %².
VXX is close to the least connected end of RRR's tracked universe, ranking #15 of 15. Correlation aside, the last 12 months split them widely, with RRR ahead by 45.5 points (-4.2% versus -49.7%). Note the risk asymmetry: VXX runs 1.9 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.
RRR vs VXX: side by side
| RRR (Red Rock Resorts, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.2% | -49.7% |
| 5-year return | +60.9% | -95.6% |
| Volatility (ann.) | 32.0% | 60.9% |
| Beta vs S&P 500 | 0.90 | -3.31 |
| Max drawdown (3Y) | -38.6% | -83.3% |
| Market cap | $6.0B | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 1.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRR | VXX |
|---|---|---|
| 2022 | -23.7% | -23.8% |
| 2023 | +36.3% | -72.5% |
| 2024 | -10.1% | -26.2% |
| 2025 | +39.5% | -42.2% |
| 2026 | -3.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRR 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 RRR and VXX?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.38 over the last year and -0.42 over 5 years.
Is VXX a good diversifier for RRR?
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?
A reading of -0.43 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/rrr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RRR correlations · VXX correlations
