TPVG vs VXX: Correlation
How closely do TriplePoint Venture Growth BDC Corp. (TPVG) 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 -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TPVG and VXX?
Across a 3-year window, the weekly returns of TPVG and VXX correlate at -0.44, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. Stretching to 5 years gives -0.44, with an annualized covariance of -913.3 %².
Out of 11 assets tracked against TPVG, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with TPVG ahead by 44.6 points (-5.1% versus -49.7%). Risk is not evenly split, since VXX carries 1.8 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.
TPVG vs VXX: side by side
| TPVG (TriplePoint Venture Growth BDC Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.1% | -49.7% |
| 5-year return | -31.0% | -95.6% |
| Volatility (ann.) | 33.8% | 60.9% |
| Beta vs S&P 500 | 1.06 | -3.31 |
| Max drawdown (3Y) | -43.4% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 17.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TPVG | VXX |
|---|---|---|
| 2022 | -34.7% | -23.8% |
| 2023 | +20.3% | -72.5% |
| 2024 | -20.0% | -26.2% |
| 2025 | +3.9% | -42.2% |
| 2026 | -10.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TPVG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between TPVG and VXX?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.34 over the last year and -0.44 over 5 years.
Is VXX a good diversifier for TPVG?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/tpvg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tpvg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TPVG correlations · VXX correlations
