BBDC vs VXX: Correlation
Measured on weekly returns over the past three years, Barings BDC, Inc. (BBDC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBDC and VXX?
Across a 3-year window, the weekly returns of BBDC and VXX correlate at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.34) than the 3-year average (-0.47). Stretching to 5 years gives -0.45, with an annualized covariance of -557.3 %².
Among the 12 assets we track against BBDC, VXX sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with BBDC ahead by 57.5 points (+7.8% versus -49.7%). Risk is not evenly split, since VXX carries 3.1 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.
BBDC vs VXX: side by side
| BBDC (Barings BDC, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.8% | -49.7% |
| 5-year return | +50.4% | -95.6% |
| Volatility (ann.) | 19.5% | 60.9% |
| Beta vs S&P 500 | 0.60 | -3.31 |
| Max drawdown (3Y) | -24.5% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 11.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBDC | VXX |
|---|---|---|
| 2022 | -18.6% | -23.8% |
| 2023 | +18.5% | -72.5% |
| 2024 | +23.9% | -26.2% |
| 2025 | +8.8% | -42.2% |
| 2026 | +8.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBDC and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBDC and VXX?
As of 2026-08-27, the correlation of weekly returns between BBDC and VXX is -0.47 over 3 years, -0.34 over 1 year and -0.45 over 5 years.
Is VXX a good diversifier for BBDC?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
A reading of -0.47 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/bbdc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbdc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBDC correlations · VXX correlations
