TMP vs VXX: Correlation
How closely do Tompkins Financial Corporation (TMP) 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 -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TMP and VXX?
On 3 years of weekly data the TMP/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.42 over 3 years. The 5-year figure is -0.39, and annualized covariance runs at -808.7 %².
Out of 17 assets tracked against TMP, VXX lands near the bottom at #16. The last year tells two different stories: TMP led by 91.5 percentage points, +41.8% for TMP against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.9 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.
TMP vs VXX: side by side
| TMP (Tompkins Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +41.8% | -49.7% |
| 5-year return | +49.6% | -95.6% |
| Volatility (ann.) | 31.6% | 60.9% |
| Beta vs S&P 500 | 0.72 | -3.31 |
| Max drawdown (3Y) | -30.9% | -83.3% |
| Market cap | $1.4B | – |
| P/E (trailing) | 8.0 | – |
| Dividend yield | 2.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TMP | VXX |
|---|---|---|
| 2022 | -4.4% | -23.8% |
| 2023 | -19.2% | -72.5% |
| 2024 | +17.8% | -26.2% |
| 2025 | +11.1% | -42.2% |
| 2026 | +37.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TMP and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, TMP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TMP and VXX?
As of 2026-08-27, the correlation of weekly returns between TMP and VXX is -0.42 over 3 years, -0.19 over 1 year and -0.39 over 5 years.
Is VXX a good diversifier for TMP?
Yes. With a correlation of -0.42, TMP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 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/tmp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tmp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TMP correlations · VXX correlations
