BBAI vs VXZ: Correlation
BigBear.ai, Inc. (BBAI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAI and VXZ?
On 3 years of weekly data the BBAI/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -970.9 %².
Among the 12 assets we track against BBAI, VXZ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 21.7 percentage points (-37.8% for BBAI against -16.1% for VXZ). Risk is not evenly split, since BBAI carries 4.9 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.
BBAI vs VXZ: side by side
| BBAI (BigBear.ai, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -37.8% | -16.1% |
| 5-year return | -67.6% | -53.1% |
| Volatility (ann.) | 126.2% | 25.6% |
| Beta vs S&P 500 | 3.30 | -1.31 |
| Max drawdown (3Y) | -75.6% | -36.4% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBAI | VXZ |
|---|---|---|
| 2022 | -88.1% | +0.5% |
| 2023 | +217.5% | -44.0% |
| 2024 | +107.9% | -12.7% |
| 2025 | +21.3% | +5.7% |
| 2026 | -40.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBAI and VXZ?
As of 2026-08-27, the correlation of weekly returns between BBAI and VXZ is -0.30 over 3 years, -0.35 over 1 year and -0.18 over 5 years.
Is VXZ a good diversifier for BBAI?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/bbai-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbai-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBAI correlations · VXZ correlations
