TSCO vs VXX: Correlation
Measured on weekly returns over the past three years, Tractor Supply (TSCO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSCO and VXX?
On 3 years of weekly data the TSCO/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.28, and annualized covariance runs at -536.7 %².
VXX is close to the least connected end of TSCO's tracked universe, ranking #29 of 30. Over the last 12 months TSCO came out ahead by 6.7 percentage points (-43.0% against -49.7%). One caveat on sizing: VXX is 2.1 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.
TSCO vs VXX: side by side
| TSCO (Tractor Supply) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -43.0% | -49.7% |
| 5-year return | -1.7% | -95.6% |
| Volatility (ann.) | 28.5% | 60.9% |
| Beta vs S&P 500 | 0.67 | -3.31 |
| Max drawdown (3Y) | -52.7% | -83.3% |
| Market cap | $18.1B | – |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 2.68% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | TSCO | VXX |
|---|---|---|
| 2022 | -4.0% | -23.8% |
| 2023 | -2.6% | -72.5% |
| 2024 | +25.4% | -26.2% |
| 2025 | -4.2% | -42.2% |
| 2026 | -29.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSCO and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, TSCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TSCO and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.26 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for TSCO?
Yes. With a correlation of -0.31, TSCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/tsco-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsco-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TSCO correlations · VXX correlations
