RXST vs VXX: Correlation
Measured on weekly returns over the past three years, RxSight, Inc. (RXST) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RXST and VXX?
Across a 3-year window, the weekly returns of RXST and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.19) runs above the 3-year figure (-0.34). Stretching to 5 years gives -0.30, with an annualized covariance of -1381.4 %².
VXX is close to the least connected end of RXST's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months RXST outperformed by 27.0 percentage points (-22.7% for RXST against -49.7% for VXX).
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.
RXST vs VXX: side by side
| RXST (RxSight, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -22.7% | -49.7% |
| 5-year return | -57.2% | -95.6% |
| Volatility (ann.) | 65.8% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -92.9% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RXST | VXX |
|---|---|---|
| 2022 | +12.6% | -23.8% |
| 2023 | +218.2% | -72.5% |
| 2024 | -14.7% | -26.2% |
| 2025 | -69.7% | -42.2% |
| 2026 | -36.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RXST and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between RXST and VXX?
As of 2026-08-27, the correlation of weekly returns between RXST and VXX is -0.34 over 3 years, -0.19 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for RXST?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/rxst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rxst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RXST correlations · VXX correlations
