TRN vs VXX: Correlation
Trinity Industries, Inc. (TRN) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRN and VXX?
Over the past 3 years, TRN and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.33). Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -757.2 %².
Out of 10 assets tracked against TRN, VXX lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with TRN ahead by 56.2 points (+6.5% versus -49.7%). One caveat on sizing: VXX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TRN vs VXX: side by side
| TRN (Trinity Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.5% | -49.7% |
| 5-year return | +22.0% | -95.6% |
| Volatility (ann.) | 37.5% | 60.9% |
| Beta vs S&P 500 | 0.89 | -3.31 |
| Max drawdown (3Y) | -39.6% | -83.3% |
| Market cap | $2.3B | – |
| P/E (trailing) | 7.0 | – |
| Dividend yield | 4.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRN | VXX |
|---|---|---|
| 2022 | +1.5% | -23.8% |
| 2023 | -6.2% | -72.5% |
| 2024 | +37.2% | -26.2% |
| 2025 | -21.5% | -42.2% |
| 2026 | +14.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRN and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.06 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for TRN?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/trn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRN correlations · VXX correlations
