BC vs VXZ: Correlation
Brunswick Corporation (BC) 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 -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and VXZ?
On 3 years of weekly data the BC/VXZ correlation comes out at -0.45, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.52 over 1 year against -0.45 over 3. The 5-year figure is -0.44, and annualized covariance runs at -411.7 %².
VXZ is close to the least connected end of BC's tracked universe, ranking #57 of 58. Their recent paths diverged sharply: over the last 12 months BC outperformed by 37.8 percentage points (+21.7% for BC 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.
BC vs VXZ: side by side
| BC (Brunswick Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.7% | -16.1% |
| 5-year return | -15.3% | -53.1% |
| Volatility (ann.) | 35.8% | 25.6% |
| Beta vs S&P 500 | 1.22 | -1.31 |
| Max drawdown (3Y) | -56.5% | -36.4% |
| Market cap | $5.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.18% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | VXZ |
|---|---|---|
| 2022 | -27.1% | +0.5% |
| 2023 | +36.9% | -44.0% |
| 2024 | -31.8% | -12.7% |
| 2025 | +18.1% | +5.7% |
| 2026 | +6.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and VXZ good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BC and VXZ?
The BC/VXZ correlation stands at -0.45 on a 3-year window (1 year: -0.52, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BC?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
A reading of -0.45 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/bc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BC correlations · VXZ correlations
