TXRH vs VXX: Correlation
Texas Roadhouse, Inc. (TXRH) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TXRH and VXX?
On 3 years of weekly data the TXRH/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.21) than the 3-year average (-0.32). The 5-year figure is -0.35, and annualized covariance runs at -503.6 %².
VXX is close to the least connected end of TXRH's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months TXRH outperformed by 66.1 percentage points (+16.4% for TXRH against -49.7% for VXX). One caveat on sizing: VXX is 2.4 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.
TXRH vs VXX: side by side
| TXRH (Texas Roadhouse, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.4% | -49.7% |
| 5-year return | +134.1% | -95.6% |
| Volatility (ann.) | 25.6% | 60.9% |
| Beta vs S&P 500 | 0.52 | -3.31 |
| Max drawdown (3Y) | -24.8% | -83.3% |
| Market cap | $13.1B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 1.40% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TXRH | VXX |
|---|---|---|
| 2022 | +4.2% | -23.8% |
| 2023 | +37.1% | -72.5% |
| 2024 | +49.8% | -26.2% |
| 2025 | -6.6% | -42.2% |
| 2026 | +21.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TXRH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between TXRH and VXX?
The TXRH/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.21, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TXRH?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/txrh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/txrh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TXRH correlations · VXX correlations
