BBIO vs VXX: Correlation
BridgeBio Pharma, Inc. (BBIO) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBIO and VXX?
On 3 years of weekly data the BBIO/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.26). The 5-year figure is -0.14, and annualized covariance runs at -740.5 %².
Among the 10 assets we track against BBIO, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: BBIO led by 108.4 percentage points, +58.7% for BBIO 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.
BBIO vs VXX: side by side
| BBIO (BridgeBio Pharma, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +58.7% | -49.7% |
| 5-year return | +61.9% | -95.6% |
| Volatility (ann.) | 46.9% | 60.9% |
| Beta vs S&P 500 | 1.02 | -3.31 |
| Max drawdown (3Y) | -49.1% | -83.3% |
| Market cap | $15.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBIO | VXX |
|---|---|---|
| 2022 | -54.3% | -23.8% |
| 2023 | +429.8% | -72.5% |
| 2024 | -32.0% | -26.2% |
| 2025 | +178.8% | -42.2% |
| 2026 | +2.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBIO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBIO and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.00 over the last year and -0.14 over 5 years.
Is VXX a good diversifier for BBIO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbio-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbio-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBIO correlations · VXX correlations
