RYN vs VXX: Correlation
Measured on weekly returns over the past three years, Rayonier Inc. REIT (RYN) 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 RYN and VXX?
On 3 years of weekly data the RYN/VXX correlation comes out 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). The 5-year figure is -0.34, and annualized covariance runs at -455.9 %².
Among the 12 assets we track against RYN, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months RYN outperformed by 36.6 percentage points (-13.1% for RYN against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.4 times the volatility of the other side.
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.
RYN vs VXX: side by side
| RYN (Rayonier Inc. REIT) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -13.1% | -49.7% |
| 5-year return | -23.3% | -95.6% |
| Volatility (ann.) | 25.6% | 60.9% |
| Beta vs S&P 500 | 0.57 | -3.31 |
| Max drawdown (3Y) | -31.5% | -83.3% |
| Market cap | $6.2B | – |
| P/E (trailing) | 44.8 | – |
| Dividend yield | 5.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RYN | VXX |
|---|---|---|
| 2022 | -15.8% | -23.8% |
| 2023 | +5.8% | -72.5% |
| 2024 | -14.0% | -26.2% |
| 2025 | -8.0% | -42.2% |
| 2026 | -2.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYN and VXX good diversifiers for each other?
Yes. With a correlation of -0.29, RYN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RYN and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.02 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for RYN?
Yes. With a correlation of -0.29, RYN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ryn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ryn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RYN correlations · VXX correlations
