TDAY vs VXX: Correlation
How closely do USA TODAY Co., Inc. (TDAY) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDAY and VXX?
Over the past 3 years, TDAY and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.25 over 3 years. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -888.7 %².
VXX is close to the least connected end of TDAY's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with TDAY ahead by 105.8 points (+56.1% 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.
TDAY vs VXX: side by side
| TDAY (USA TODAY Co., Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.1% | -49.7% |
| 5-year return | -0.3% | -95.6% |
| Volatility (ann.) | 58.6% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -54.6% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TDAY | VXX |
|---|---|---|
| 2022 | -61.9% | -23.8% |
| 2023 | +13.3% | -72.5% |
| 2024 | +120.0% | -26.2% |
| 2025 | +1.8% | -42.2% |
| 2026 | +24.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TDAY and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, TDAY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TDAY and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.02 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for TDAY?
Yes. With a correlation of -0.25, TDAY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tday-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tday-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TDAY correlations · VXX correlations
