TRST vs VXX: Correlation
TrustCo Bank Corp NY (TRST) 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 -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRST and VXX?
On 3 years of weekly data the TRST/VXX correlation comes out at -0.45, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.45 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -718.0 %².
Among the 14 assets we track against TRST, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with TRST ahead by 100.6 points (+50.9% versus -49.7%). 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.
TRST vs VXX: side by side
| TRST (TrustCo Bank Corp NY) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +50.9% | -49.7% |
| 5-year return | +121.0% | -95.6% |
| Volatility (ann.) | 26.2% | 60.9% |
| Beta vs S&P 500 | 0.68 | -3.31 |
| Max drawdown (3Y) | -26.2% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 2.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRST | VXX |
|---|---|---|
| 2022 | +17.6% | -23.8% |
| 2023 | -13.3% | -72.5% |
| 2024 | +12.4% | -26.2% |
| 2025 | +29.3% | -42.2% |
| 2026 | +41.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRST and VXX good diversifiers for each other?
Yes. With a correlation of -0.45, TRST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TRST and VXX?
Using weekly returns as of 2026-08-27: -0.45 over 3 years, with -0.15 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for TRST?
Yes. With a correlation of -0.45, TRST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.45 mean?
A reading of -0.45 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/trst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRST correlations · VXX correlations
