TYL vs VXX: Correlation
Tyler Technologies (TYL) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TYL and VXX?
On 3 years of weekly data the TYL/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.24). The 5-year figure is -0.32, and annualized covariance runs at -434.5 %².
Among the 33 assets we track against TYL, VXX sits near the bottom by co-movement, at rank #29. Correlation aside, the last 12 months split them widely, with TYL ahead by 15.7 points (-34.0% versus -49.7%). Note the risk asymmetry: VXX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TYL vs VXX: side by side
| TYL (Tyler Technologies) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.0% | -49.7% |
| 5-year return | -22.5% | -95.6% |
| Volatility (ann.) | 29.6% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -57.4% | -83.3% |
| Market cap | $15.1B | – |
| P/E (trailing) | 46.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TYL | VXX |
|---|---|---|
| 2022 | -40.1% | -23.8% |
| 2023 | +29.7% | -72.5% |
| 2024 | +37.9% | -26.2% |
| 2025 | -21.3% | -42.2% |
| 2026 | -18.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TYL and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, TYL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TYL and VXX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.04 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for TYL?
Yes. With a correlation of -0.24, TYL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tyl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tyl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TYL correlations · VXX correlations
