UROY vs VXX: Correlation
Uranium Royalty Corp. (UROY) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UROY and VXX?
Across a 3-year window, the weekly returns of UROY and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.30 over 3. Stretching to 5 years gives -0.28, with an annualized covariance of -1081.3 %².
Out of 11 assets tracked against UROY, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with UROY ahead by 92.6 points (+42.9% 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.
UROY vs VXX: side by side
| UROY (Uranium Royalty Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +42.9% | -49.7% |
| 5-year return | +56.3% | -95.6% |
| Volatility (ann.) | 59.9% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -59.7% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UROY | VXX |
|---|---|---|
| 2022 | -35.1% | -23.8% |
| 2023 | +13.9% | -72.5% |
| 2024 | -18.9% | -26.2% |
| 2025 | +61.6% | -42.2% |
| 2026 | +22.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UROY and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, UROY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UROY and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.32 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for UROY?
Yes. With a correlation of -0.30, UROY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/uroy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uroy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UROY correlations · VXX correlations
