BATRA vs VXX: Correlation
How closely do Atlanta Braves Holdings, Inc. - Series A (BATRA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRA and VXX?
Across a 3-year window, the weekly returns of BATRA and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.30). Stretching to 5 years gives -0.33, with an annualized covariance of -347.0 %².
Among the 12 assets we track against BATRA, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with BATRA ahead by 67.6 points (+17.9% versus -49.7%). One caveat on sizing: VXX is 3.2 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.
BATRA vs VXX: side by side
| BATRA (Atlanta Braves Holdings, Inc. - Series A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.9% | -49.7% |
| 5-year return | +113.7% | -95.6% |
| Volatility (ann.) | 18.8% | 60.9% |
| Beta vs S&P 500 | 0.46 | -3.31 |
| Max drawdown (3Y) | -16.6% | -83.3% |
| Market cap | $3.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRA | VXX |
|---|---|---|
| 2022 | +13.6% | -23.8% |
| 2023 | +30.9% | -72.5% |
| 2024 | -4.6% | -26.2% |
| 2025 | +4.1% | -42.2% |
| 2026 | +31.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRA and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, BATRA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BATRA and VXX?
The BATRA/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.07, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BATRA?
Yes. With a correlation of -0.30, BATRA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/batra-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/batra-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BATRA correlations · VXX correlations
