RUSHA vs VXX: Correlation
How closely do Rush Enterprises, Inc. (RUSHA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RUSHA and VXX?
Over the past 3 years, RUSHA and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.32). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -610.1 %².
Out of 13 assets tracked against RUSHA, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with RUSHA ahead by 81.5 points (+31.8% versus -49.7%). Note the risk asymmetry: VXX runs 1.9 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.
RUSHA vs VXX: side by side
| RUSHA (Rush Enterprises, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.8% | -49.7% |
| 5-year return | +177.5% | -95.6% |
| Volatility (ann.) | 31.3% | 60.9% |
| Beta vs S&P 500 | 0.93 | -3.31 |
| Max drawdown (3Y) | -26.8% | -83.3% |
| Market cap | $8.3B | – |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RUSHA | VXX |
|---|---|---|
| 2022 | -4.5% | -23.8% |
| 2023 | +46.7% | -72.5% |
| 2024 | +10.4% | -26.2% |
| 2025 | -0.2% | -42.2% |
| 2026 | +42.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RUSHA and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RUSHA and VXX?
The RUSHA/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.17, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for RUSHA?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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/rusha-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rusha-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RUSHA correlations · VXX correlations
