TVTX vs VXX: Correlation
Measured on weekly returns over the past three years, Travere Therapeutics, Inc. (TVTX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TVTX and VXX?
Over the past 3 years, TVTX and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -1348.2 %².
Out of 12 assets tracked against TVTX, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months TVTX outperformed by 336.9 percentage points (+287.2% for TVTX 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.
TVTX vs VXX: side by side
| TVTX (Travere Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +287.2% | -49.7% |
| 5-year return | +213.8% | -95.6% |
| Volatility (ann.) | 72.5% | 60.9% |
| Beta vs S&P 500 | 1.67 | -3.31 |
| Max drawdown (3Y) | -64.6% | -83.3% |
| Market cap | $6.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TVTX | VXX |
|---|---|---|
| 2022 | -32.2% | -23.8% |
| 2023 | -57.3% | -72.5% |
| 2024 | +93.8% | -26.2% |
| 2025 | +119.3% | -42.2% |
| 2026 | +76.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TVTX and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, TVTX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TVTX and VXX?
As of 2026-08-27, the correlation of weekly returns between TVTX and VXX is -0.31 over 3 years, -0.26 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for TVTX?
Yes. With a correlation of -0.31, TVTX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/tvtx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tvtx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TVTX correlations · VXX correlations
