TRMK vs VXX: Correlation
How closely do Trustmark Corporation (TRMK) 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 -0.54, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRMK and VXX?
Across a 3-year window, the weekly returns of TRMK and VXX correlate at -0.54, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.23 versus -0.54 over 3 years. Stretching to 5 years gives -0.45, with an annualized covariance of -891.0 %².
Out of 21 assets tracked against TRMK, VXX lands near the bottom at #20. The last year tells two different stories: TRMK led by 66.2 percentage points, +16.5% for TRMK against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.3 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.
TRMK vs VXX: side by side
| TRMK (Trustmark Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.5% | -49.7% |
| 5-year return | +69.7% | -95.6% |
| Volatility (ann.) | 27.0% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -22.0% | -83.3% |
| Market cap | $2.7B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 2.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRMK | VXX |
|---|---|---|
| 2022 | +10.7% | -23.8% |
| 2023 | -17.0% | -72.5% |
| 2024 | +30.6% | -26.2% |
| 2025 | +13.0% | -42.2% |
| 2026 | +20.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRMK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRMK and VXX?
As of 2026-08-27, the correlation of weekly returns between TRMK and VXX is -0.54 over 3 years, -0.23 over 1 year and -0.45 over 5 years.
Is VXX a good diversifier for TRMK?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
What does a correlation of -0.54 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/trmk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trmk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRMK correlations · VXX correlations
