RSKD vs VXX: Correlation
Riskified Ltd. Class A (RSKD) 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 -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RSKD and VXX?
Over the past 3 years, RSKD and VXX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.35 over 3. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -818.1 %².
Out of 17 assets tracked against RSKD, VXX lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months RSKD outperformed by 81.3 percentage points (+31.6% for RSKD against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.6 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.
RSKD vs VXX: side by side
| RSKD (Riskified Ltd. Class A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.6% | -49.7% |
| 5-year return | -81.3% | -95.6% |
| Volatility (ann.) | 38.0% | 60.9% |
| Beta vs S&P 500 | 1.09 | -3.31 |
| Max drawdown (3Y) | -42.2% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RSKD | VXX |
|---|---|---|
| 2022 | -41.2% | -23.8% |
| 2023 | +1.3% | -72.5% |
| 2024 | +1.1% | -26.2% |
| 2025 | +5.1% | -42.2% |
| 2026 | +23.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RSKD and VXX good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RSKD and VXX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.29 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for RSKD?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
A reading of -0.35 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/rskd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rskd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RSKD correlations · VXX correlations
