TXN vs VXX: Correlation
Texas Instruments (TXN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TXN and VXX?
Over the past 3 years, TXN and VXX moved with a correlation of -0.49, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.32) than the 3-year average (-0.49). Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -1015.6 %².
VXX is close to the least connected end of TXN's tracked universe, ranking #31 of 31. Their recent paths diverged sharply: over the last 12 months TXN outperformed by 82.8 percentage points (+33.1% for TXN against -49.7% for VXX). One caveat on sizing: VXX is 1.8 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.
TXN vs VXX: side by side
| TXN (Texas Instruments) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.1% | -49.7% |
| 5-year return | +60.4% | -95.6% |
| Volatility (ann.) | 34.3% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -33.4% | -83.3% |
| Market cap | $243.4B | – |
| P/E (trailing) | 40.6 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TXN | VXX |
|---|---|---|
| 2022 | -9.9% | -23.8% |
| 2023 | +6.4% | -72.5% |
| 2024 | +13.1% | -26.2% |
| 2025 | -4.5% | -42.2% |
| 2026 | +56.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TXN and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TXN and VXX?
The TXN/VXX correlation stands at -0.49 on a 3-year window (1 year: -0.32, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TXN?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 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/txn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/txn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TXN correlations · VXX correlations
