TROW vs VXX: Correlation
T. Rowe Price (TROW) 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 -0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TROW and VXX?
On 3 years of weekly data the TROW/VXX correlation comes out 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 -0.33 versus -0.54 over 3 years. The 5-year figure is -0.47, and annualized covariance runs at -775.6 %².
Among the 46 assets we track against TROW, VXX sits near the bottom by co-movement, at rank #45. The last year tells two different stories: TROW led by 57.8 percentage points, +8.1% for TROW against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.6 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.
TROW vs VXX: side by side
| TROW (T. Rowe Price) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.1% | -49.7% |
| 5-year return | -37.0% | -95.6% |
| Volatility (ann.) | 23.5% | 60.9% |
| Beta vs S&P 500 | 1.10 | -3.31 |
| Max drawdown (3Y) | -34.0% | -83.3% |
| Market cap | $24.0B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 4.57% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | TROW | VXX |
|---|---|---|
| 2022 | -42.2% | -23.8% |
| 2023 | +3.4% | -72.5% |
| 2024 | +9.7% | -26.2% |
| 2025 | -4.7% | -42.2% |
| 2026 | +12.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TROW 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 TROW and VXX?
The TROW/VXX correlation stands at -0.54 on a 3-year window (1 year: -0.33, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TROW?
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?
A reading of -0.54 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/trow-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trow-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TROW correlations · VXX correlations
