TBCH vs VXX: Correlation
How closely do Turtle Beach Corporation (TBCH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.53, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TBCH and VXX?
Across a 3-year window, the weekly returns of TBCH and VXX correlate at -0.53, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.36) than the 3-year average (-0.53). Stretching to 5 years gives -0.44, with an annualized covariance of -1865.4 %².
VXX is close to the least connected end of TBCH's tracked universe, ranking #23 of 23. The last year tells two different stories: TBCH led by 33.1 percentage points, -16.6% for TBCH 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.
TBCH vs VXX: side by side
| TBCH (Turtle Beach Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -16.6% | -49.7% |
| 5-year return | -55.7% | -95.6% |
| Volatility (ann.) | 57.8% | 60.9% |
| Beta vs S&P 500 | 2.21 | -3.31 |
| Max drawdown (3Y) | -51.8% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TBCH | VXX |
|---|---|---|
| 2022 | -67.8% | -23.8% |
| 2023 | +52.7% | -72.5% |
| 2024 | +58.1% | -26.2% |
| 2025 | -18.9% | -42.2% |
| 2026 | -7.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TBCH and VXX good diversifiers for each other?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TBCH and VXX?
As of 2026-08-27, the correlation of weekly returns between TBCH and VXX is -0.53 over 3 years, -0.36 over 1 year and -0.44 over 5 years.
Is VXX a good diversifier for TBCH?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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/tbch-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tbch-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TBCH correlations · VXX correlations
