TYG vs VXX: Correlation
Measured on weekly returns over the past three years, Tortoise Energy Infrastructure Corporation (TYG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TYG and VXX?
Over the past 3 years, TYG and VXX moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.37 over 3 years. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -474.5 %².
Out of 17 assets tracked against TYG, VXX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with TYG ahead by 63.8 points (+14.1% versus -49.7%). One caveat on sizing: VXX is 2.9 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.
TYG vs VXX: side by side
| TYG (Tortoise Energy Infrastructure Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.1% | -49.7% |
| 5-year return | +162.5% | -95.6% |
| Volatility (ann.) | 21.2% | 60.9% |
| Beta vs S&P 500 | 0.45 | -3.31 |
| Max drawdown (3Y) | -25.1% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 6.0 | – |
| Dividend yield | 11.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TYG | VXX |
|---|---|---|
| 2022 | +24.2% | -23.8% |
| 2023 | -0.4% | -72.5% |
| 2024 | +60.2% | -26.2% |
| 2025 | +8.5% | -42.2% |
| 2026 | +15.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TYG and VXX good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TYG and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with 0.10 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for TYG?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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/tyg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tyg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TYG correlations · VXX correlations
