RVP vs VXX: Correlation
Retractable Technologies, Inc. (RVP) 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 -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVP and VXX?
On 3 years of weekly data the RVP/VXX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.21). The 5-year figure is -0.19, and annualized covariance runs at -474.6 %².
Among the 10 assets we track against RVP, VXX sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with RVP ahead by 36.7 points (-13.0% versus -49.7%). One caveat on sizing: VXX is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RVP vs VXX: side by side
| RVP (Retractable Technologies, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -13.0% | -49.7% |
| 5-year return | -94.2% | -95.6% |
| Volatility (ann.) | 36.9% | 60.9% |
| Beta vs S&P 500 | 0.49 | -3.31 |
| Max drawdown (3Y) | -57.5% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVP | VXX |
|---|---|---|
| 2022 | -76.3% | -23.8% |
| 2023 | -32.3% | -72.5% |
| 2024 | -37.8% | -26.2% |
| 2025 | +11.6% | -42.2% |
| 2026 | -6.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVP and VXX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RVP and VXX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.04 over the last year and -0.19 over 5 years.
Is VXX a good diversifier for RVP?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/rvp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RVP correlations · VXX correlations
