TSCO vs VXZ: Correlation
Tractor Supply (TSCO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) 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 TSCO and VXZ?
Over the past 3 years, TSCO and VXZ moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.33 over 3. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -239.5 %².
Among the 30 assets we track against TSCO, VXZ sits near the bottom by co-movement, at rank #30. Correlation aside, the last 12 months split them widely, with VXZ ahead by 26.9 points (-43.0% versus -16.1%).
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 VXZ: side by side
| TSCO (Tractor Supply) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -43.0% | -16.1% |
| 5-year return | -1.7% | -53.1% |
| Volatility (ann.) | 28.5% | 25.6% |
| Beta vs S&P 500 | 0.67 | -1.31 |
| Max drawdown (3Y) | -52.7% | -36.4% |
| Market cap | $18.1B | – |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 2.68% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | TSCO | VXZ |
|---|---|---|
| 2022 | -4.0% | +0.5% |
| 2023 | -2.6% | -44.0% |
| 2024 | +25.4% | -12.7% |
| 2025 | -4.2% | +5.7% |
| 2026 | -29.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSCO and VXZ good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TSCO and VXZ?
As of 2026-08-27, the correlation of weekly returns between TSCO and VXZ is -0.33 over 3 years, -0.35 over 1 year and -0.29 over 5 years.
Is VXZ a good diversifier for TSCO?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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/tsco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsco-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TSCO correlations · VXZ correlations
