RRX vs VXX: Correlation
Regal Rexnord Corporation (RRX) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRX and VXX?
Across a 3-year window, the weekly returns of RRX and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.29) runs above the 3-year figure (-0.39). Stretching to 5 years gives -0.37, with an annualized covariance of -988.5 %².
Among the 24 assets we track against RRX, VXX sits near the bottom by co-movement, at rank #24. Correlation aside, the last 12 months split them widely, with RRX ahead by 57.9 points (+8.2% versus -49.7%).
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.
RRX vs VXX: side by side
| RRX (Regal Rexnord Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.2% | -49.7% |
| 5-year return | +18.1% | -95.6% |
| Volatility (ann.) | 42.0% | 60.9% |
| Beta vs S&P 500 | 1.10 | -3.31 |
| Max drawdown (3Y) | -48.1% | -83.3% |
| Market cap | $10.9B | – |
| P/E (trailing) | 34.0 | – |
| Dividend yield | 0.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRX | VXX |
|---|---|---|
| 2022 | -28.7% | -23.8% |
| 2023 | +24.6% | -72.5% |
| 2024 | +5.7% | -26.2% |
| 2025 | -8.6% | -42.2% |
| 2026 | +17.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRX and VXX good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RRX and VXX?
The RRX/VXX correlation stands at -0.39 on a 3-year window (1 year: -0.29, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for RRX?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rrx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RRX correlations · VXX correlations
