RRR vs VXZ: Correlation
Red Rock Resorts, Inc. (RRR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRR and VXZ?
Across a 3-year window, the weekly returns of RRR and VXZ correlate at -0.38, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.41 over 1 year against -0.38 over 3. Stretching to 5 years gives -0.43, with an annualized covariance of -312.5 %².
Out of 15 assets tracked against RRR, VXZ lands near the bottom at #14. Over the last 12 months RRR came out ahead by 11.9 percentage points (-4.2% against -16.1%).
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 VXZ: side by side
| RRR (Red Rock Resorts, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.2% | -16.1% |
| 5-year return | +60.9% | -53.1% |
| Volatility (ann.) | 32.0% | 25.6% |
| Beta vs S&P 500 | 0.90 | -1.31 |
| Max drawdown (3Y) | -38.6% | -36.4% |
| Market cap | $6.0B | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 1.73% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRR | VXZ |
|---|---|---|
| 2022 | -23.7% | +0.5% |
| 2023 | +36.3% | -44.0% |
| 2024 | -10.1% | -12.7% |
| 2025 | +39.5% | +5.7% |
| 2026 | -3.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.38, RRR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RRR and VXZ?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.41 over the last year and -0.43 over 5 years.
Is VXZ a good diversifier for RRR?
Yes. With a correlation of -0.38, RRR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RRR correlations · VXZ correlations
