TWIN vs VXX: Correlation
Measured on weekly returns over the past three years, Twin Disc, Incorporated (TWIN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWIN and VXX?
On 3 years of weekly data the TWIN/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.26 over 3 years. The 5-year figure is -0.23, and annualized covariance runs at -790.0 %².
Out of 12 assets tracked against TWIN, VXX lands near the bottom at #11. The last year tells two different stories: TWIN led by 135.9 percentage points, +86.2% for TWIN 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.
TWIN vs VXX: side by side
| TWIN (Twin Disc, Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +86.2% | -49.7% |
| 5-year return | +98.7% | -95.6% |
| Volatility (ann.) | 50.6% | 60.9% |
| Beta vs S&P 500 | 0.83 | -3.31 |
| Max drawdown (3Y) | -64.4% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TWIN | VXX |
|---|---|---|
| 2022 | -11.3% | -23.8% |
| 2023 | +66.7% | -72.5% |
| 2024 | -26.4% | -26.2% |
| 2025 | +44.4% | -42.2% |
| 2026 | +41.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWIN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between TWIN and VXX?
The TWIN/VXX correlation stands at -0.26 on a 3-year window (1 year: -0.09, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TWIN?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/twin-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/twin-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TWIN correlations · VXX correlations
