TDS vs VXX: Correlation
Measured on weekly returns over the past three years, Telephone and Data Systems, Inc. (TDS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDS and VXX?
Across a 3-year window, the weekly returns of TDS and VXX correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.27). Stretching to 5 years gives -0.15, with an annualized covariance of -766.1 %².
VXX is close to the least connected end of TDS's tracked universe, ranking #13 of 15. Their recent paths diverged sharply: over the last 12 months TDS outperformed by 32.7 percentage points (-17.0% for TDS 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.
TDS vs VXX: side by side
| TDS (Telephone and Data Systems, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.0% | -49.7% |
| 5-year return | +91.9% | -95.6% |
| Volatility (ann.) | 46.7% | 60.9% |
| Beta vs S&P 500 | 0.86 | -3.31 |
| Max drawdown (3Y) | -33.4% | -83.3% |
| Market cap | $3.8B | – |
| P/E (trailing) | 8.3 | – |
| Dividend yield | 0.48% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TDS | VXX |
|---|---|---|
| 2022 | -45.3% | -23.8% |
| 2023 | +86.3% | -72.5% |
| 2024 | +89.0% | -26.2% |
| 2025 | +20.7% | -42.2% |
| 2026 | -19.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TDS and VXX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TDS and VXX?
As of 2026-08-27, the correlation of weekly returns between TDS and VXX is -0.27 over 3 years, -0.08 over 1 year and -0.15 over 5 years.
Is VXX a good diversifier for TDS?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/tds-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tds-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TDS correlations · VXX correlations
