TECH vs VXX: Correlation
How closely do Bio-Techne (TECH) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TECH and VXX?
On 3 years of weekly data the TECH/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.34, and annualized covariance runs at -769.4 %².
VXX is close to the least connected end of TECH's tracked universe, ranking #38 of 39. Correlation aside, the last 12 months split them widely, with TECH ahead by 79.3 points (+29.6% 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.
TECH vs VXX: side by side
| TECH (Bio-Techne) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.6% | -49.7% |
| 5-year return | -41.4% | -95.6% |
| Volatility (ann.) | 41.9% | 60.9% |
| Beta vs S&P 500 | 0.90 | -3.31 |
| Max drawdown (3Y) | -48.1% | -83.3% |
| Market cap | $11.4B | – |
| P/E (trailing) | 62.5 | – |
| Dividend yield | 0.44% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | TECH | VXX |
|---|---|---|
| 2022 | -35.7% | -23.8% |
| 2023 | -6.5% | -72.5% |
| 2024 | -6.2% | -26.2% |
| 2025 | -17.9% | -42.2% |
| 2026 | +23.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TECH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between TECH and VXX?
The TECH/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.28, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TECH?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/tech-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tech-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TECH correlations · VXX correlations
