BBY vs VXZ: Correlation
Best Buy (BBY) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and VXZ?
Over the past 3 years, BBY and VXZ moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -305.3 %².
Among the 33 assets we track against BBY, VXZ sits near the bottom by co-movement, at rank #32. Their recent paths diverged sharply: over the last 12 months BBY outperformed by 33.0 percentage points (+16.9% for BBY against -16.1% for VXZ).
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 VXZ: side by side
| BBY (Best Buy) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.9% | -16.1% |
| 5-year return | -11.2% | -53.1% |
| Volatility (ann.) | 37.6% | 25.6% |
| Beta vs S&P 500 | 0.97 | -1.31 |
| Max drawdown (3Y) | -44.3% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BBY | VXZ |
|---|---|---|
| 2022 | -17.5% | +0.5% |
| 2023 | +2.5% | -44.0% |
| 2024 | +14.4% | -12.7% |
| 2025 | -17.8% | +5.7% |
| 2026 | +28.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBY and VXZ?
The BBY/VXZ correlation stands at -0.32 on a 3-year window (1 year: -0.25, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BBY?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bby-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBY correlations · VXZ correlations
