TSLA vs VXX: Correlation
Measured on weekly returns over the past three years, Tesla, Inc. (TSLA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSLA and VXX?
Across a 3-year window, the weekly returns of TSLA and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. Stretching to 5 years gives -0.35, with an annualized covariance of -1246.1 %².
VXX is close to the least connected end of TSLA's tracked universe, ranking #29 of 31. Their recent paths diverged sharply: over the last 12 months TSLA outperformed by 51.2 percentage points (+1.5% for TSLA against -49.7% for VXX).
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.
TSLA vs VXX: side by side
| TSLA (Tesla, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.5% | -49.7% |
| 5-year return | +45.6% | -95.6% |
| Volatility (ann.) | 53.9% | 60.9% |
| Beta vs S&P 500 | 1.87 | -3.31 |
| Max drawdown (3Y) | -53.8% | -83.3% |
| Market cap | $1,401.3B | – |
| P/E (trailing) | 322.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | TSLA | VXX |
|---|---|---|
| 2022 | -65.0% | -23.8% |
| 2023 | +101.7% | -72.5% |
| 2024 | +62.5% | -26.2% |
| 2025 | +11.4% | -42.2% |
| 2026 | -21.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSLA and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TSLA and VXX?
As of 2026-08-27, the correlation of weekly returns between TSLA and VXX is -0.38 over 3 years, -0.36 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for TSLA?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tsla-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsla-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TSLA correlations · VXX correlations
