TJX vs VXX: Correlation
How closely do TJX Companies (TJX) 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 -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TJX and VXX?
On 3 years of weekly data the TJX/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.24). The 5-year figure is -0.33, and annualized covariance runs at -273.4 %².
Among the 35 assets we track against TJX, VXX ranks #30 by 3-year correlation. The last year tells two different stories: TJX led by 48.7 percentage points, -1.0% for TJX against -49.7% for VXX. One caveat on sizing: VXX is 3.3 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.
TJX vs VXX: side by side
| TJX (TJX Companies) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.0% | -49.7% |
| 5-year return | +98.2% | -95.6% |
| Volatility (ann.) | 18.3% | 60.9% |
| Beta vs S&P 500 | 0.45 | -3.31 |
| Max drawdown (3Y) | -20.1% | -83.3% |
| Market cap | $148.3B | – |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | TJX | VXX |
|---|---|---|
| 2022 | +6.7% | -23.8% |
| 2023 | +19.7% | -72.5% |
| 2024 | +30.6% | -26.2% |
| 2025 | +28.7% | -42.2% |
| 2026 | -11.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TJX and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, TJX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TJX and VXX?
The TJX/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.04, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TJX?
Yes. With a correlation of -0.24, TJX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/tjx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tjx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TJX correlations · VXX correlations
