TKR vs VXZ: Correlation
Timken Company (The) (TKR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TKR and VXZ?
Across a 3-year window, the weekly returns of TKR and VXZ correlate at -0.47, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.39) sits close to the 3-year figure. Stretching to 5 years gives -0.53, with an annualized covariance of -328.9 %².
Among the 32 assets we track against TKR, VXZ sits near the bottom by co-movement, at rank #31. The last year tells two different stories: TKR led by 75.9 percentage points, +59.8% for TKR against -16.1% for VXZ.
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 VXZ: side by side
| TKR (Timken Company (The)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.8% | -16.1% |
| 5-year return | +80.3% | -53.1% |
| Volatility (ann.) | 27.4% | 25.6% |
| Beta vs S&P 500 | 0.98 | -1.31 |
| Max drawdown (3Y) | -37.6% | -36.4% |
| Market cap | $8.6B | – |
| P/E (trailing) | 33.7 | – |
| Dividend yield | 1.12% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TKR | VXZ |
|---|---|---|
| 2022 | +3.9% | +0.5% |
| 2023 | +15.4% | -44.0% |
| 2024 | -9.5% | -12.7% |
| 2025 | +20.0% | +5.7% |
| 2026 | +49.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TKR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between TKR and VXZ?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.39 over the last year and -0.53 over 5 years.
Is VXZ a good diversifier for TKR?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 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/tkr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tkr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TKR correlations · VXZ correlations
