TRV vs VXX: Correlation
Travelers Companies (The) (TRV) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRV and VXX?
Over the past 3 years, TRV and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.28 over 3 years. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -353.2 %².
Among the 29 assets we track against TRV, VXX sits near the bottom by co-movement, at rank #28. Their recent paths diverged sharply: over the last 12 months TRV outperformed by 87.5 percentage points (+37.8% for TRV against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.9 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.
TRV vs VXX: side by side
| TRV (Travelers Companies (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.8% | -49.7% |
| 5-year return | +155.3% | -95.6% |
| Volatility (ann.) | 20.8% | 60.9% |
| Beta vs S&P 500 | 0.36 | -3.31 |
| Max drawdown (3Y) | -12.5% | -83.3% |
| Market cap | $77.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 1.23% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | TRV | VXX |
|---|---|---|
| 2022 | +22.4% | -23.8% |
| 2023 | +3.9% | -72.5% |
| 2024 | +28.8% | -26.2% |
| 2025 | +22.4% | -42.2% |
| 2026 | +28.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRV and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRV and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.09 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for TRV?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/trv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRV correlations · VXX correlations
