BAND vs VXX: Correlation
Measured on weekly returns over the past three years, Bandwidth Inc. (BAND) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAND and VXX?
On 3 years of weekly data the BAND/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.28). The 5-year figure is -0.27, and annualized covariance runs at -1567.2 %².
Out of 15 assets tracked against BAND, VXX lands near the bottom at #14. The last year tells two different stories: BAND led by 298.9 percentage points, +249.2% for BAND against -49.7% for VXX. Note the risk asymmetry: BAND runs 1.5 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.
BAND vs VXX: side by side
| BAND (Bandwidth Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +249.2% | -49.7% |
| 5-year return | -50.5% | -95.6% |
| Volatility (ann.) | 93.1% | 60.9% |
| Beta vs S&P 500 | 1.91 | -3.31 |
| Max drawdown (3Y) | -52.9% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAND | VXX |
|---|---|---|
| 2022 | -68.0% | -23.8% |
| 2023 | -36.9% | -72.5% |
| 2024 | +17.6% | -26.2% |
| 2025 | -9.2% | -42.2% |
| 2026 | +235.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAND and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, BAND and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BAND and VXX?
The BAND/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.09, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BAND?
Yes. With a correlation of -0.28, BAND and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/band-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/band-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAND correlations · VXX correlations
