THFF vs VXX: Correlation
First Financial Corporation (THFF) 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 -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THFF and VXX?
Over the past 3 years, THFF and VXX moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.28 versus -0.52 over 3 years. Over 5 years the correlation is -0.43, and the annualized covariance of weekly returns is -891.2 %².
Among the 70 assets we track against THFF, VXX sits near the bottom by co-movement, at rank #69. Their recent paths diverged sharply: over the last 12 months THFF outperformed by 88.5 percentage points (+38.8% for THFF against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.2 times the volatility of the other side.
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.
THFF vs VXX: side by side
| THFF (First Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +38.8% | -49.7% |
| 5-year return | +135.2% | -95.6% |
| Volatility (ann.) | 28.2% | 60.9% |
| Beta vs S&P 500 | 0.81 | -3.31 |
| Max drawdown (3Y) | -20.2% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 2.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THFF | VXX |
|---|---|---|
| 2022 | +4.4% | -23.8% |
| 2023 | -2.6% | -72.5% |
| 2024 | +11.1% | -26.2% |
| 2025 | +36.2% | -42.2% |
| 2026 | +35.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THFF and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
FAQ
What is the correlation between THFF and VXX?
The THFF/VXX correlation stands at -0.52 on a 3-year window (1 year: -0.28, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for THFF?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/thff-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/thff-vs-vxx/)
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Related comparisons
Hubs: THFF correlations · VXX correlations
