TPR vs VXX: Correlation
Tapestry, Inc. (TPR) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPR and VXX?
On 3 years of weekly data the TPR/VXX correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.26) than the 3-year average (-0.39). The 5-year figure is -0.40, and annualized covariance runs at -898.8 %².
VXX is close to the least connected end of TPR's tracked universe, ranking #36 of 36. Their recent paths diverged sharply: over the last 12 months TPR outperformed by 73.3 percentage points (+23.6% for TPR against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TPR vs VXX: side by side
| TPR (Tapestry, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +23.6% | -49.7% |
| 5-year return | +240.1% | -95.6% |
| Volatility (ann.) | 37.8% | 60.9% |
| Beta vs S&P 500 | 1.05 | -3.31 |
| Max drawdown (3Y) | -31.8% | -83.3% |
| Market cap | $24.6B | – |
| P/E (trailing) | 17.9 | – |
| Dividend yield | 1.23% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | TPR | VXX |
|---|---|---|
| 2022 | -3.3% | -23.8% |
| 2023 | +0.2% | -72.5% |
| 2024 | +82.8% | -26.2% |
| 2025 | +98.7% | -42.2% |
| 2026 | -3.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between TPR and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.26 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for TPR?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/tpr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tpr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TPR correlations · VXX correlations
