TYG vs VXZ: Correlation
Tortoise Energy Infrastructure Corporation (TYG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TYG and VXZ?
Over the past 3 years, TYG and VXZ moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.18) runs above the 3-year figure (-0.38). Over 5 years the correlation is -0.40, and the annualized covariance of weekly returns is -204.3 %².
Among the 17 assets we track against TYG, VXZ sits near the bottom by co-movement, at rank #17. The last year tells two different stories: TYG led by 30.2 percentage points, +14.1% for TYG against -16.1% for VXZ.
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 VXZ: side by side
| TYG (Tortoise Energy Infrastructure Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.1% | -16.1% |
| 5-year return | +162.5% | -53.1% |
| Volatility (ann.) | 21.2% | 25.6% |
| Beta vs S&P 500 | 0.45 | -1.31 |
| Max drawdown (3Y) | -25.1% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 6.0 | – |
| Dividend yield | 11.89% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TYG | VXZ |
|---|---|---|
| 2022 | +24.2% | +0.5% |
| 2023 | -0.4% | -44.0% |
| 2024 | +60.2% | -12.7% |
| 2025 | +8.5% | +5.7% |
| 2026 | +15.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TYG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between TYG and VXZ?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with 0.18 over the last year and -0.40 over 5 years.
Is VXZ a good diversifier for TYG?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 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/tyg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tyg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TYG correlations · VXZ correlations
