TRC vs VXX: Correlation
Measured on weekly returns over the past three years, Tejon Ranch Co (TRC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRC and VXX?
Over the past 3 years, TRC and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.02) runs above the 3-year figure (-0.30). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -439.7 %².
Out of 11 assets tracked against TRC, VXX lands near the bottom at #10. The last year tells two different stories: TRC led by 42.6 percentage points, -7.1% for TRC against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.6 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.
TRC vs VXX: side by side
| TRC (Tejon Ranch Co) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.1% | -49.7% |
| 5-year return | -15.6% | -95.6% |
| Volatility (ann.) | 23.7% | 60.9% |
| Beta vs S&P 500 | 0.44 | -3.31 |
| Max drawdown (3Y) | -24.3% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 73.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRC | VXX |
|---|---|---|
| 2022 | -1.3% | -23.8% |
| 2023 | -8.7% | -72.5% |
| 2024 | -7.6% | -26.2% |
| 2025 | -0.8% | -42.2% |
| 2026 | +2.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRC and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TRC and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with 0.02 over the last year and -0.36 over 5 years.
Is VXX a good diversifier for TRC?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/trc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRC correlations · VXX correlations
