TDOC vs VXX: Correlation
Teladoc Health, Inc. (TDOC) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDOC and VXX?
Across a 3-year window, the weekly returns of TDOC and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.33 over 3. Stretching to 5 years gives -0.35, with an annualized covariance of -1181.5 %².
Out of 18 assets tracked against TDOC, VXX lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months TDOC outperformed by 31.9 percentage points (-17.8% for TDOC 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.
TDOC vs VXX: side by side
| TDOC (Teladoc Health, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.8% | -49.7% |
| 5-year return | -95.6% | -95.6% |
| Volatility (ann.) | 58.1% | 60.9% |
| Beta vs S&P 500 | 1.55 | -3.31 |
| Max drawdown (3Y) | -80.5% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TDOC | VXX |
|---|---|---|
| 2022 | -74.2% | -23.8% |
| 2023 | -8.9% | -72.5% |
| 2024 | -57.8% | -26.2% |
| 2025 | -23.0% | -42.2% |
| 2026 | -9.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TDOC and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, TDOC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TDOC and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.36 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for TDOC?
Yes. With a correlation of -0.33, TDOC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/tdoc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tdoc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TDOC correlations · VXX correlations
