BBCP vs VXX: Correlation
Concrete Pumping Holdings, Inc. (BBCP) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBCP and VXX?
Over the past 3 years, BBCP and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.24). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -681.3 %².
Out of 10 assets tracked against BBCP, VXX lands near the bottom at #8. The last year tells two different stories: BBCP led by 82.0 percentage points, +32.3% for BBCP against -49.7% for VXX.
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.
BBCP vs VXX: side by side
| BBCP (Concrete Pumping Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.3% | -49.7% |
| 5-year return | +27.3% | -95.6% |
| Volatility (ann.) | 45.9% | 60.9% |
| Beta vs S&P 500 | 0.71 | -3.31 |
| Max drawdown (3Y) | -43.2% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 67.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBCP | VXX |
|---|---|---|
| 2022 | -28.7% | -23.8% |
| 2023 | +40.2% | -72.5% |
| 2024 | -18.8% | -26.2% |
| 2025 | +13.7% | -42.2% |
| 2026 | +40.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBCP and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBCP and VXX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.11 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for BBCP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/bbcp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbcp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBCP correlations · VXX correlations
