BBCP vs VXZ: Correlation
Concrete Pumping Holdings, Inc. (BBCP) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBCP and VXZ?
Across a 3-year window, the weekly returns of BBCP and VXZ correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.32, with an annualized covariance of -302.4 %².
Among the 10 assets we track against BBCP, VXZ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: BBCP led by 48.4 percentage points, +32.3% for BBCP against -16.1% for VXZ. Risk is not evenly split, since BBCP carries 1.8 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.
BBCP vs VXZ: side by side
| BBCP (Concrete Pumping Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.3% | -16.1% |
| 5-year return | +27.3% | -53.1% |
| Volatility (ann.) | 45.9% | 25.6% |
| Beta vs S&P 500 | 0.71 | -1.31 |
| Max drawdown (3Y) | -43.2% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 67.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBCP | VXZ |
|---|---|---|
| 2022 | -28.7% | +0.5% |
| 2023 | +40.2% | -44.0% |
| 2024 | -18.8% | -12.7% |
| 2025 | +13.7% | +5.7% |
| 2026 | +40.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBCP and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, BBCP and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBCP and VXZ?
As of 2026-08-27, the correlation of weekly returns between BBCP and VXZ is -0.26 over 3 years, -0.18 over 1 year and -0.32 over 5 years.
Is VXZ a good diversifier for BBCP?
Yes. With a correlation of -0.26, BBCP and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbcp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBCP correlations · VXZ correlations
