TTC vs VXZ: Correlation
How closely do Toro Company (The) (TTC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTC and VXZ?
Over the past 3 years, TTC and VXZ moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Over 5 years the correlation is -0.40, and the annualized covariance of weekly returns is -279.3 %².
VXZ is close to the least connected end of TTC's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months TTC outperformed by 38.9 percentage points (+22.8% for TTC against -16.1% for VXZ).
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.
TTC vs VXZ: side by side
| TTC (Toro Company (The)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +22.8% | -16.1% |
| 5-year return | -3.5% | -53.1% |
| Volatility (ann.) | 31.1% | 25.6% |
| Beta vs S&P 500 | 0.98 | -1.31 |
| Max drawdown (3Y) | -36.9% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 28.9 | – |
| Dividend yield | 1.53% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TTC | VXZ |
|---|---|---|
| 2022 | +14.9% | +0.5% |
| 2023 | -14.0% | -44.0% |
| 2024 | -15.2% | -12.7% |
| 2025 | +0.3% | +5.7% |
| 2026 | +27.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.35, TTC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TTC and VXZ?
As of 2026-08-27, the correlation of weekly returns between TTC and VXZ is -0.35 over 3 years, -0.29 over 1 year and -0.40 over 5 years.
Is VXZ a good diversifier for TTC?
Yes. With a correlation of -0.35, TTC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 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/ttc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ttc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TTC correlations · VXZ correlations
