URG vs VXX: Correlation
Measured on weekly returns over the past three years, Ur Energy Inc (URG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are URG and VXX?
On 3 years of weekly data the URG/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.28, and annualized covariance runs at -977.6 %².
VXX is close to the least connected end of URG's tracked universe, ranking #11 of 12. Correlation aside, the last 12 months split them widely, with URG ahead by 62.2 points (+12.5% 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.
URG vs VXX: side by side
| URG (Ur Energy Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.5% | -49.7% |
| 5-year return | +26.4% | -95.6% |
| Volatility (ann.) | 59.1% | 60.9% |
| Beta vs S&P 500 | 1.21 | -3.31 |
| Max drawdown (3Y) | -72.1% | -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 | URG | VXX |
|---|---|---|
| 2022 | -5.7% | -23.8% |
| 2023 | +33.9% | -72.5% |
| 2024 | -25.3% | -26.2% |
| 2025 | +20.9% | -42.2% |
| 2026 | +10.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are URG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between URG and VXX?
The URG/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.29, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for URG?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/urg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/urg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: URG correlations · VXX correlations
