RSF vs VXX: Correlation
How closely do RiverNorth Capital and Income Fund (RSF) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSF and VXX?
On 3 years of weekly data the RSF/VXX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -68.5 %².
VXX is close to the least connected end of RSF's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months RSF outperformed by 59.8 percentage points (+10.1% for RSF against -49.7% for VXX). Risk is not evenly split, since VXX carries 11.3 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.
RSF vs VXX: side by side
| RSF (RiverNorth Capital and Income Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.1% | -49.7% |
| 5-year return | +30.6% | -95.6% |
| Volatility (ann.) | 5.4% | 60.9% |
| Beta vs S&P 500 | 0.06 | -3.31 |
| Max drawdown (3Y) | -5.0% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RSF | VXX |
|---|---|---|
| 2022 | -1.6% | -23.8% |
| 2023 | +3.8% | -72.5% |
| 2024 | +10.6% | -26.2% |
| 2025 | +4.6% | -42.2% |
| 2026 | +8.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSF and VXX good diversifiers for each other?
Yes. With a correlation of -0.21, RSF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RSF and VXX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.24 over the last year and -0.18 over 5 years.
Is VXX a good diversifier for RSF?
Yes. With a correlation of -0.21, RSF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/rsf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RSF correlations · VXX correlations
