BANX vs VXX: Correlation
Measured on weekly returns over the past three years, ArrowMark Financial Corp. - Closed End Fund (BANX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANX and VXX?
Over the past 3 years, BANX and VXX moved with a correlation of -0.44, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.58 versus -0.44 over 3 years. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -397.8 %².
Out of 12 assets tracked against BANX, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with BANX ahead by 62.7 points (+13.0% versus -49.7%). Risk is not evenly split, since VXX carries 4.1 times the volatility of the other side.
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.
BANX vs VXX: side by side
| BANX (ArrowMark Financial Corp. - Closed End Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.0% | -49.7% |
| 5-year return | +58.6% | -95.6% |
| Volatility (ann.) | 14.7% | 60.9% |
| Beta vs S&P 500 | 0.32 | -3.31 |
| Max drawdown (3Y) | -13.7% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 8.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANX | VXX |
|---|---|---|
| 2022 | -15.3% | -23.8% |
| 2023 | +20.4% | -72.5% |
| 2024 | +27.7% | -26.2% |
| 2025 | +15.6% | -42.2% |
| 2026 | +0.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANX and VXX good diversifiers for each other?
Yes. With a correlation of -0.44, BANX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BANX and VXX?
The BANX/VXX correlation stands at -0.44 on a 3-year window (1 year: -0.58, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BANX?
Yes. With a correlation of -0.44, BANX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/banx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BANX correlations · VXX correlations
