TIPT vs VXX: Correlation
Tiptree Inc. (TIPT) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TIPT and VXX?
Across a 3-year window, the weekly returns of TIPT and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.36). Stretching to 5 years gives -0.31, with an annualized covariance of -740.5 %².
Among the 14 assets we track against TIPT, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with TIPT ahead by 28.4 points (-21.3% versus -49.7%). Note the risk asymmetry: VXX runs 1.8 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.
TIPT vs VXX: side by side
| TIPT (Tiptree Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.3% | -49.7% |
| 5-year return | +95.1% | -95.6% |
| Volatility (ann.) | 33.5% | 60.9% |
| Beta vs S&P 500 | 0.71 | -3.31 |
| Max drawdown (3Y) | -37.9% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TIPT | VXX |
|---|---|---|
| 2022 | +1.4% | -23.8% |
| 2023 | +38.8% | -72.5% |
| 2024 | +12.8% | -26.2% |
| 2025 | -11.4% | -42.2% |
| 2026 | +1.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TIPT and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TIPT and VXX?
As of 2026-08-27, the correlation of weekly returns between TIPT and VXX is -0.36 over 3 years, -0.17 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for TIPT?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
A reading of -0.36 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/tipt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tipt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TIPT correlations · VXX correlations
