TER vs VXX: Correlation
How closely do Teradyne (TER) 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 -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TER and VXX?
On 3 years of weekly data the TER/VXX correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.32) runs above the 3-year figure (-0.43). The 5-year figure is -0.41, and annualized covariance runs at -1385.4 %².
Out of 34 assets tracked against TER, VXX lands near the bottom at #34. The last year tells two different stories: TER led by 268.5 percentage points, +218.8% for TER 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.
TER vs VXX: side by side
| TER (Teradyne) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +218.8% | -49.7% |
| 5-year return | +207.9% | -95.6% |
| Volatility (ann.) | 52.5% | 60.9% |
| Beta vs S&P 500 | 1.70 | -3.31 |
| Max drawdown (3Y) | -58.2% | -83.3% |
| Market cap | $58.2B | – |
| P/E (trailing) | 50.0 | – |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TER | VXX |
|---|---|---|
| 2022 | -46.3% | -23.8% |
| 2023 | +24.8% | -72.5% |
| 2024 | +16.5% | -26.2% |
| 2025 | +54.4% | -42.2% |
| 2026 | +92.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TER and VXX good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TER and VXX?
As of 2026-08-27, the correlation of weekly returns between TER and VXX is -0.43 over 3 years, -0.32 over 1 year and -0.41 over 5 years.
Is VXX a good diversifier for TER?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 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/ter-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ter-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TER correlations · VXX correlations
