RTX vs VXX: Correlation
RTX Corporation (RTX) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RTX and VXX?
Across a 3-year window, the weekly returns of RTX and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.32, with an annualized covariance of -399.2 %².
Among the 27 assets we track against RTX, VXX sits near the bottom by co-movement, at rank #26. Their recent paths diverged sharply: over the last 12 months RTX outperformed by 84.4 percentage points (+34.7% for RTX against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.4 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.
RTX vs VXX: side by side
| RTX (RTX Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +34.7% | -49.7% |
| 5-year return | +178.4% | -95.6% |
| Volatility (ann.) | 25.1% | 60.9% |
| Beta vs S&P 500 | 0.57 | -3.31 |
| Max drawdown (3Y) | -19.7% | -83.3% |
| Market cap | $285.8B | – |
| P/E (trailing) | 37.3 | – |
| Dividend yield | 1.31% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | RTX | VXX |
|---|---|---|
| 2022 | +20.0% | -23.8% |
| 2023 | -14.4% | -72.5% |
| 2024 | +40.8% | -26.2% |
| 2025 | +61.4% | -42.2% |
| 2026 | +16.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RTX and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RTX and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.31 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for RTX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/rtx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rtx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RTX correlations · VXX correlations
