TLN vs VXX: Correlation
Measured on weekly returns over the past three years, Talen Energy Corporation (TLN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLN and VXX?
Over the past 3 years, TLN and VXX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.35 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1014.1 %².
Among the 12 assets we track against TLN, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months TLN outperformed by 29.5 percentage points (-20.2% for TLN against -49.7% for VXX).
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.
TLN vs VXX: side by side
| TLN (Talen Energy Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -20.2% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 47.4% | 60.9% |
| Beta vs S&P 500 | 1.39 | -3.31 |
| Max drawdown (3Y) | -33.8% | -83.3% |
| Market cap | $14.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLN | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +214.8% | -26.2% |
| 2025 | +86.1% | -42.2% |
| 2026 | -18.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between TLN and VXX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.33 over the last year and n/a over 5 years.
Is VXX a good diversifier for TLN?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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/tln-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tln-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TLN correlations · VXX correlations
