RYAM vs VXX: Correlation
Measured on weekly returns over the past three years, Rayonier Advanced Materials Inc. (RYAM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYAM and VXX?
Across a 3-year window, the weekly returns of RYAM and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.29). Stretching to 5 years gives -0.24, with an annualized covariance of -1068.4 %².
Out of 11 assets tracked against RYAM, VXX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with RYAM ahead by 109.2 points (+59.5% versus -49.7%).
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.
RYAM vs VXX: side by side
| RYAM (Rayonier Advanced Materials Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.5% | -49.7% |
| 5-year return | +22.2% | -95.6% |
| Volatility (ann.) | 60.5% | 60.9% |
| Beta vs S&P 500 | 1.27 | -3.31 |
| Max drawdown (3Y) | -63.7% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RYAM | VXX |
|---|---|---|
| 2022 | +68.1% | -23.8% |
| 2023 | -57.8% | -72.5% |
| 2024 | +103.7% | -26.2% |
| 2025 | -28.6% | -42.2% |
| 2026 | +43.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYAM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between RYAM and VXX?
As of 2026-08-27, the correlation of weekly returns between RYAM and VXX is -0.29 over 3 years, 0.02 over 1 year and -0.24 over 5 years.
Is VXX a good diversifier for RYAM?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/ryam-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ryam-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RYAM correlations · VXX correlations
