RUN vs VXX: Correlation
Measured on weekly returns over the past three years, Sunrun Inc. (RUN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RUN and VXX?
Over the past 3 years, RUN and VXX moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -1322.3 %².
Among the 16 assets we track against RUN, VXX sits near the bottom by co-movement, at rank #15. The trailing year gives RUN the advantage: -42.7% versus -49.7%, a 7.0-point spread. Note the risk asymmetry: RUN runs 1.6 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.
RUN vs VXX: side by side
| RUN (Sunrun Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -42.7% | -49.7% |
| 5-year return | -79.7% | -95.6% |
| Volatility (ann.) | 94.7% | 60.9% |
| Beta vs S&P 500 | 1.89 | -3.31 |
| Max drawdown (3Y) | -73.7% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RUN | VXX |
|---|---|---|
| 2022 | -30.0% | -23.8% |
| 2023 | -18.3% | -72.5% |
| 2024 | -52.9% | -26.2% |
| 2025 | +98.9% | -42.2% |
| 2026 | -50.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RUN and VXX good diversifiers for each other?
Yes. With a correlation of -0.23, RUN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RUN and VXX?
As of 2026-08-27, the correlation of weekly returns between RUN and VXX is -0.23 over 3 years, -0.34 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for RUN?
Yes. With a correlation of -0.23, RUN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/run-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/run-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RUN correlations · VXX correlations
