RSI vs VXZ: Correlation
Rush Street Interactive, Inc. (RSI) 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 -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSI and VXZ?
On 3 years of weekly data the RSI/VXZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -336.9 %².
Out of 11 assets tracked against RSI, VXZ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with RSI ahead by 36.3 points (+20.2% versus -16.1%). Note the risk asymmetry: RSI runs 2.3 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.
RSI vs VXZ: side by side
| RSI (Rush Street Interactive, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.2% | -16.1% |
| 5-year return | +79.9% | -53.1% |
| Volatility (ann.) | 58.1% | 25.6% |
| Beta vs S&P 500 | 1.00 | -1.31 |
| Max drawdown (3Y) | -42.0% | -36.4% |
| Market cap | $6.4B | – |
| P/E (trailing) | 84.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RSI | VXZ |
|---|---|---|
| 2022 | -78.2% | +0.5% |
| 2023 | +25.1% | -44.0% |
| 2024 | +205.6% | -12.7% |
| 2025 | +41.6% | +5.7% |
| 2026 | +34.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSI and VXZ good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RSI and VXZ?
As of 2026-08-27, the correlation of weekly returns between RSI and VXZ is -0.23 over 3 years, -0.14 over 1 year and -0.30 over 5 years.
Is VXZ a good diversifier for RSI?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/rsi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rsi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RSI correlations · VXZ correlations
