TTMI vs VXX: Correlation
Measured on weekly returns over the past three years, TTM Technologies, Inc. (TTMI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTMI and VXX?
On 3 years of weekly data the TTMI/VXX correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.32) runs above the 3-year figure (-0.47). The 5-year figure is -0.40, and annualized covariance runs at -1741.8 %².
VXX is close to the least connected end of TTMI's tracked universe, ranking #14 of 14. The last year tells two different stories: TTMI led by 230.0 percentage points, +180.3% for TTMI 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.
TTMI vs VXX: side by side
| TTMI (TTM Technologies, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +180.3% | -49.7% |
| 5-year return | +785.9% | -95.6% |
| Volatility (ann.) | 60.7% | 60.9% |
| Beta vs S&P 500 | 2.23 | -3.31 |
| Max drawdown (3Y) | -54.0% | -83.3% |
| Market cap | $13.1B | – |
| P/E (trailing) | 54.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TTMI | VXX |
|---|---|---|
| 2022 | +1.2% | -23.8% |
| 2023 | +4.8% | -72.5% |
| 2024 | +56.5% | -26.2% |
| 2025 | +178.8% | -42.2% |
| 2026 | +80.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTMI and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TTMI and VXX?
The TTMI/VXX correlation stands at -0.47 on a 3-year window (1 year: -0.32, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TTMI?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 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/ttmi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ttmi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TTMI correlations · VXX correlations
