TTD vs VXZ: Correlation
How closely do Trade Desk (The) (TTD) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTD and VXZ?
Across a 3-year window, the weekly returns of TTD and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.27 over 3 years. Stretching to 5 years gives -0.33, with an annualized covariance of -412.0 %².
Among the 34 assets we track against TTD, VXZ sits near the bottom by co-movement, at rank #33. The last year tells two different stories: VXZ led by 58.4 percentage points, -74.5% for TTD against -16.1% for VXZ. One caveat on sizing: TTD is 2.4 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.
TTD vs VXZ: side by side
| TTD (Trade Desk (The)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -74.5% | -16.1% |
| 5-year return | -83.4% | -53.1% |
| Volatility (ann.) | 60.7% | 25.6% |
| Beta vs S&P 500 | 1.23 | -1.31 |
| Max drawdown (3Y) | -90.7% | -36.4% |
| Market cap | $6.3B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | TTD | VXZ |
|---|---|---|
| 2022 | -51.1% | +0.5% |
| 2023 | +60.5% | -44.0% |
| 2024 | +63.3% | -12.7% |
| 2025 | -67.7% | +5.7% |
| 2026 | -64.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTD and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between TTD and VXZ?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.03 over the last year and -0.33 over 5 years.
Is VXZ a good diversifier for TTD?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/ttd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ttd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TTD correlations · VXZ correlations
