BC vs VXX: Correlation
Brunswick Corporation (BC) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and VXX?
On 3 years of weekly data the BC/VXX correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.47 over 1 year against -0.47 over 3. The 5-year figure is -0.43, and annualized covariance runs at -1023.2 %².
Out of 58 assets tracked against BC, VXX lands near the bottom at #58. The last year tells two different stories: BC led by 71.4 percentage points, +21.7% for BC against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.7 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.
BC vs VXX: side by side
| BC (Brunswick Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.7% | -49.7% |
| 5-year return | -15.3% | -95.6% |
| Volatility (ann.) | 35.8% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -56.5% | -83.3% |
| Market cap | $5.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | VXX |
|---|---|---|
| 2022 | -27.1% | -23.8% |
| 2023 | +36.9% | -72.5% |
| 2024 | -31.8% | -26.2% |
| 2025 | +18.1% | -42.2% |
| 2026 | +6.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between BC and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.47 over the last year and -0.43 over 5 years.
Is VXX a good diversifier for BC?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/bc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BC correlations · VXX correlations
