BBT vs VXX: Correlation
Beacon Financial Corporation (BBT) 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 -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBT and VXX?
On 3 years of weekly data the BBT/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.42). The 5-year figure is -0.40, and annualized covariance runs at -754.3 %².
Among the 14 assets we track against BBT, VXX sits near the bottom by co-movement, at rank #13. The last year tells two different stories: BBT led by 74.1 percentage points, +24.4% for BBT against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BBT vs VXX: side by side
| BBT (Beacon Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.4% | -49.7% |
| 5-year return | +46.9% | -95.6% |
| Volatility (ann.) | 29.2% | 60.9% |
| Beta vs S&P 500 | 0.73 | -3.31 |
| Max drawdown (3Y) | -26.4% | -83.3% |
| Market cap | $2.6B | – |
| P/E (trailing) | 10.3 | – |
| Dividend yield | 4.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBT | VXX |
|---|---|---|
| 2022 | +7.2% | -23.8% |
| 2023 | -14.3% | -72.5% |
| 2024 | +17.9% | -26.2% |
| 2025 | -4.2% | -42.2% |
| 2026 | +23.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and VXX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBT and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.18 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for BBT?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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/bbt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBT correlations · VXX correlations
