BA vs VXX: Correlation
Boeing (BA) 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 -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and VXX?
Across a 3-year window, the weekly returns of BA and VXX correlate at -0.52, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.41) than the 3-year average (-0.52). Stretching to 5 years gives -0.47, with an annualized covariance of -1144.2 %².
Out of 37 assets tracked against BA, VXX lands near the bottom at #37. Correlation aside, the last 12 months split them widely, with BA ahead by 38.8 points (-10.9% versus -49.7%). One caveat on sizing: VXX is 1.7 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.
BA vs VXX: side by side
| BA (Boeing) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -10.9% | -49.7% |
| 5-year return | -3.6% | -95.6% |
| Volatility (ann.) | 36.4% | 60.9% |
| Beta vs S&P 500 | 1.43 | -3.31 |
| Max drawdown (3Y) | -48.3% | -83.3% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | VXX |
|---|---|---|
| 2022 | -5.4% | -23.8% |
| 2023 | +36.8% | -72.5% |
| 2024 | -32.1% | -26.2% |
| 2025 | +22.7% | -42.2% |
| 2026 | -3.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and VXX good diversifiers for each other?
Yes. With a correlation of -0.52, BA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BA and VXX?
The BA/VXX correlation stands at -0.52 on a 3-year window (1 year: -0.41, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BA?
Yes. With a correlation of -0.52, BA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 mean?
A reading of -0.52 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/ba-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ba-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BA correlations · VXX correlations
