BBY vs VXX: Correlation
Best Buy (BBY) 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 -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and VXX?
On 3 years of weekly data the BBY/VXX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.35). The 5-year figure is -0.34, and annualized covariance runs at -801.2 %².
VXX is close to the least connected end of BBY's tracked universe, ranking #33 of 33. Their recent paths diverged sharply: over the last 12 months BBY outperformed by 66.6 percentage points (+16.9% for BBY against -49.7% for VXX). One caveat on sizing: VXX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBY vs VXX: side by side
| BBY (Best Buy) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.9% | -49.7% |
| 5-year return | -11.2% | -95.6% |
| Volatility (ann.) | 37.6% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -44.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BBY | VXX |
|---|---|---|
| 2022 | -17.5% | -23.8% |
| 2023 | +2.5% | -72.5% |
| 2024 | +14.4% | -26.2% |
| 2025 | -17.8% | -42.2% |
| 2026 | +28.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and VXX good diversifiers for each other?
Yes. With a correlation of -0.35, BBY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBY and VXX?
As of 2026-08-27, the correlation of weekly returns between BBY and VXX is -0.35 over 3 years, -0.19 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for BBY?
Yes. With a correlation of -0.35, BBY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
A reading of -0.35 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/bby-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bby-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBY correlations · VXX correlations
