BBWI vs VXX: Correlation
Measured on weekly returns over the past three years, Bath & Body Works, Inc. (BBWI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBWI and VXX?
Across a 3-year window, the weekly returns of BBWI and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.46) sits close to the 3-year figure. Stretching to 5 years gives -0.35, with an annualized covariance of -1201.4 %².
Among the 14 assets we track against BBWI, VXX sits near the bottom by co-movement, at rank #13. Over the last 12 months BBWI came out ahead by 11.4 percentage points (-38.3% against -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.
BBWI vs VXX: side by side
| BBWI (Bath & Body Works, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -38.3% | -49.7% |
| 5-year return | -69.3% | -95.6% |
| Volatility (ann.) | 50.5% | 60.9% |
| Beta vs S&P 500 | 1.37 | -3.31 |
| Max drawdown (3Y) | -70.0% | -83.3% |
| Market cap | $3.8B | – |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 2.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBWI | VXX |
|---|---|---|
| 2022 | -38.4% | -23.8% |
| 2023 | +4.7% | -72.5% |
| 2024 | -8.3% | -26.2% |
| 2025 | -46.5% | -42.2% |
| 2026 | -4.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBWI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBWI and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.46 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for BBWI?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/bbwi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbwi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBWI correlations · VXX correlations
