TCBK vs VXX: Correlation
Measured on weekly returns over the past three years, TriCo Bancshares (TCBK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCBK and VXX?
Across a 3-year window, the weekly returns of TCBK and VXX correlate at -0.45, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.45). Stretching to 5 years gives -0.39, with an annualized covariance of -800.8 %².
Among the 14 assets we track against TCBK, VXX sits near the bottom by co-movement, at rank #13. The last year tells two different stories: TCBK led by 71.6 percentage points, +21.9% for TCBK against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.1 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.
TCBK vs VXX: side by side
| TCBK (TriCo Bancshares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.9% | -49.7% |
| 5-year return | +59.3% | -95.6% |
| Volatility (ann.) | 29.1% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -27.9% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 2.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCBK | VXX |
|---|---|---|
| 2022 | +21.5% | -23.8% |
| 2023 | -13.0% | -72.5% |
| 2024 | +5.1% | -26.2% |
| 2025 | +11.9% | -42.2% |
| 2026 | +15.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCBK and VXX good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TCBK and VXX?
As of 2026-08-27, the correlation of weekly returns between TCBK and VXX is -0.45 over 3 years, -0.16 over 1 year and -0.39 over 5 years.
Is VXX a good diversifier for TCBK?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 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/tcbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TCBK correlations · VXX correlations
