TPB vs VXX: Correlation
Turning Point Brands, Inc. (TPB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPB and VXX?
On 3 years of weekly data the TPB/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.32 over 3. The 5-year figure is -0.25, and annualized covariance runs at -861.4 %².
Out of 15 assets tracked against TPB, VXX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with TPB ahead by 35.5 points (-14.2% versus -49.7%).
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.
TPB vs VXX: side by side
| TPB (Turning Point Brands, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.2% | -49.7% |
| 5-year return | +74.4% | -95.6% |
| Volatility (ann.) | 44.7% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -50.6% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | 38.3 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TPB | VXX |
|---|---|---|
| 2022 | -42.2% | -23.8% |
| 2023 | +23.1% | -72.5% |
| 2024 | +130.1% | -26.2% |
| 2025 | +81.0% | -42.2% |
| 2026 | -22.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPB and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TPB and VXX?
The TPB/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.36, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TPB?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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/tpb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tpb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TPB correlations · VXX correlations
