BBUC vs VXX: Correlation
How closely do Brookfield Business Corporation Class A Subordinate Voting (BBUC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBUC and VXX?
On 3 years of weekly data the BBUC/VXX correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.23) than the 3-year average (-0.46). The 5-year figure is -0.41, and annualized covariance runs at -1163.5 %².
Out of 13 assets tracked against BBUC, VXX lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with BBUC ahead by 30.4 points (-19.3% versus -49.7%).
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.
BBUC vs VXX: side by side
| BBUC (Brookfield Business Corporation Class A Subordinate Voting) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.3% | -49.7% |
| 5-year return | -20.8% | -95.6% |
| Volatility (ann.) | 41.8% | 60.9% |
| Beta vs S&P 500 | 1.45 | -3.31 |
| Max drawdown (3Y) | -29.3% | -83.3% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBUC | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | +25.6% | -72.5% |
| 2024 | +5.4% | -26.2% |
| 2025 | +48.8% | -42.2% |
| 2026 | -21.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBUC and VXX good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBUC and VXX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.23 over the last year and -0.41 over 5 years.
Is VXX a good diversifier for BBUC?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
A reading of -0.46 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/bbuc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbuc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBUC correlations · VXX correlations
