TREX vs VXX: Correlation
How closely do Trex Company, Inc. (TREX) 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 -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TREX and VXX?
On 3 years of weekly data the TREX/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.40, and annualized covariance runs at -1012.4 %².
Among the 24 assets we track against TREX, VXX sits near the bottom by co-movement, at rank #23. Their recent paths diverged sharply: over the last 12 months TREX outperformed by 22.4 percentage points (-27.3% for TREX against -49.7% for VXX).
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.
TREX vs VXX: side by side
| TREX (Trex Company, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.3% | -49.7% |
| 5-year return | -58.7% | -95.6% |
| Volatility (ann.) | 45.3% | 60.9% |
| Beta vs S&P 500 | 1.48 | -3.31 |
| Max drawdown (3Y) | -69.9% | -83.3% |
| Market cap | $4.7B | – |
| P/E (trailing) | 27.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TREX | VXX |
|---|---|---|
| 2022 | -68.7% | -23.8% |
| 2023 | +95.6% | -72.5% |
| 2024 | -16.6% | -26.2% |
| 2025 | -49.2% | -42.2% |
| 2026 | +31.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TREX and VXX good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TREX and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.36 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for TREX?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
A reading of -0.37 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/trex-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trex-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TREX correlations · VXX correlations
