RTX vs VXZ: Correlation
How closely do RTX Corporation (RTX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RTX and VXZ?
Across a 3-year window, the weekly returns of RTX and VXZ correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -164.8 %².
VXZ is close to the least connected end of RTX's tracked universe, ranking #27 of 27. Correlation aside, the last 12 months split them widely, with RTX ahead by 50.8 points (+34.7% versus -16.1%).
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 VXZ: side by side
| RTX (RTX Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +34.7% | -16.1% |
| 5-year return | +178.4% | -53.1% |
| Volatility (ann.) | 25.1% | 25.6% |
| Beta vs S&P 500 | 0.57 | -1.31 |
| Max drawdown (3Y) | -19.7% | -36.4% |
| Market cap | $285.8B | – |
| P/E (trailing) | 37.3 | – |
| Dividend yield | 1.31% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | RTX | VXZ |
|---|---|---|
| 2022 | +20.0% | +0.5% |
| 2023 | -14.4% | -44.0% |
| 2024 | +40.8% | -12.7% |
| 2025 | +61.4% | +5.7% |
| 2026 | +16.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RTX and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, RTX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RTX and VXZ?
As of 2026-08-27, the correlation of weekly returns between RTX and VXZ is -0.26 over 3 years, -0.33 over 1 year and -0.33 over 5 years.
Is VXZ a good diversifier for RTX?
Yes. With a correlation of -0.26, RTX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/rtx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rtx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RTX correlations · VXZ correlations
