TSQ vs VXX: Correlation
Measured on weekly returns over the past three years, Townsquare Media, Inc. (TSQ) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSQ and VXX?
Across a 3-year window, the weekly returns of TSQ and VXX correlate at -0.37, 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 -0.29, with an annualized covariance of -934.9 %².
VXX is close to the least connected end of TSQ's tracked universe, ranking #12 of 13. Their recent paths diverged sharply: over the last 12 months TSQ outperformed by 44.3 percentage points (-5.4% for TSQ 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.
TSQ vs VXX: side by side
| TSQ (Townsquare Media, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.4% | -49.7% |
| 5-year return | -37.3% | -95.6% |
| Volatility (ann.) | 41.8% | 60.9% |
| Beta vs S&P 500 | 1.17 | -3.31 |
| Max drawdown (3Y) | -61.7% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 13.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSQ | VXX |
|---|---|---|
| 2022 | -45.6% | -23.8% |
| 2023 | +57.3% | -72.5% |
| 2024 | -9.3% | -26.2% |
| 2025 | -37.4% | -42.2% |
| 2026 | +24.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSQ and VXX good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TSQ and VXX?
The TSQ/VXX correlation stands at -0.37 on a 3-year window (1 year: -0.36, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TSQ?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
A reading of -0.37 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/tsq-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsq-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TSQ correlations · VXX correlations
