TEM vs VXX: Correlation
How closely do Tempus AI, Inc. (TEM) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEM and VXX?
On 3 years of weekly data the TEM/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.26) than the 3-year average (-0.38). The 5-year figure is n/a, and annualized covariance runs at -2633.1 %².
Out of 39 assets tracked against TEM, VXX lands near the bottom at #38. Their recent paths diverged sharply: over the last 12 months TEM outperformed by 46.2 percentage points (-3.5% for TEM against -49.7% for VXX). One caveat on sizing: TEM is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TEM vs VXX: side by side
| TEM (Tempus AI, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.5% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 104.7% | 60.9% |
| Beta vs S&P 500 | 3.25 | -3.31 |
| Max drawdown (3Y) | -59.8% | -83.3% |
| Market cap | $12.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TEM | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | +74.9% | -42.2% |
| 2026 | +19.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between TEM and VXX?
The TEM/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TEM?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
A reading of -0.38 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/tem-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tem-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TEM correlations · VXX correlations
