TFC vs VXX: Correlation
Truist Financial (TFC) 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 -0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TFC and VXX?
Across a 3-year window, the weekly returns of TFC and VXX correlate at -0.55, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.38) than the 3-year average (-0.55). Stretching to 5 years gives -0.51, with an annualized covariance of -942.7 %².
Among the 39 assets we track against TFC, VXX sits near the bottom by co-movement, at rank #38. Their recent paths diverged sharply: over the last 12 months TFC outperformed by 61.8 percentage points (+12.1% for TFC against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TFC vs VXX: side by side
| TFC (Truist Financial) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.1% | -49.7% |
| 5-year return | +12.7% | -95.6% |
| Volatility (ann.) | 28.0% | 60.9% |
| Beta vs S&P 500 | 1.07 | -3.31 |
| Max drawdown (3Y) | -26.9% | -83.3% |
| Market cap | $61.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 4.10% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | TFC | VXX |
|---|---|---|
| 2022 | -23.5% | -23.8% |
| 2023 | -8.6% | -72.5% |
| 2024 | +23.7% | -26.2% |
| 2025 | +19.0% | -42.2% |
| 2026 | +5.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TFC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.55 means the two rarely move for the same reasons.
FAQ
What is the correlation between TFC and VXX?
The TFC/VXX correlation stands at -0.55 on a 3-year window (1 year: -0.38, 5 years: -0.51), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TFC?
By historical standards, yes. A correlation of -0.55 means the two rarely move for the same reasons.
What does a correlation of -0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tfc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tfc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TFC correlations · VXX correlations
