TWAV vs VXX: Correlation
Measured on weekly returns over the past three years, TaoWeave, Inc. (TWAV) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWAV and VXX?
Over the past 3 years, TWAV and VXX moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.20). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1310.0 %².
Among the 11 assets we track against TWAV, VXX sits near the bottom by co-movement, at rank #10. The trailing year gives VXX the advantage: -56.8% versus -49.7%, a 7.1-point spread. Note the risk asymmetry: TWAV runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TWAV vs VXX: side by side
| TWAV (TaoWeave, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -56.8% | -49.7% |
| 5-year return | -99.9% | -95.6% |
| Volatility (ann.) | 108.8% | 60.9% |
| Beta vs S&P 500 | 1.85 | -3.31 |
| Max drawdown (3Y) | -97.8% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TWAV | VXX |
|---|---|---|
| 2022 | -88.3% | -23.8% |
| 2023 | -88.9% | -72.5% |
| 2024 | -51.5% | -26.2% |
| 2025 | -53.4% | -42.2% |
| 2026 | -22.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWAV and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between TWAV and VXX?
The TWAV/VXX correlation stands at -0.20 on a 3-year window (1 year: -0.04, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TWAV?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/twav-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/twav-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TWAV correlations · VXX correlations
