TKR vs VXX: Correlation
Measured on weekly returns over the past three years, Timken Company (The) (TKR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TKR and VXX?
On 3 years of weekly data the TKR/VXX correlation comes out at -0.51, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.41) than the 3-year average (-0.51). The 5-year figure is -0.50, and annualized covariance runs at -845.8 %².
Out of 32 assets tracked against TKR, VXX lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months TKR outperformed by 109.5 percentage points (+59.8% for TKR 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.
TKR vs VXX: side by side
| TKR (Timken Company (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.8% | -49.7% |
| 5-year return | +80.3% | -95.6% |
| Volatility (ann.) | 27.4% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -37.6% | -83.3% |
| Market cap | $8.6B | – |
| P/E (trailing) | 33.7 | – |
| Dividend yield | 1.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TKR | VXX |
|---|---|---|
| 2022 | +3.9% | -23.8% |
| 2023 | +15.4% | -72.5% |
| 2024 | -9.5% | -26.2% |
| 2025 | +20.0% | -42.2% |
| 2026 | +49.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TKR and VXX good diversifiers for each other?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TKR and VXX?
As of 2026-08-27, the correlation of weekly returns between TKR and VXX is -0.51 over 3 years, -0.41 over 1 year and -0.50 over 5 years.
Is VXX a good diversifier for TKR?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.51 mean?
On the −1 to +1 scale, -0.51 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/tkr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tkr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TKR correlations · VXX correlations
