BCBP vs VXZ: Correlation
How closely do BCB Bancorp, Inc. (NJ) (BCBP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCBP and VXZ?
Across a 3-year window, the weekly returns of BCBP and VXZ correlate at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.39). Stretching to 5 years gives -0.36, with an annualized covariance of -329.8 %².
Out of 10 assets tracked against BCBP, VXZ lands near the bottom at #10. The last year tells two different stories: BCBP led by 15.5 percentage points, -0.6% for BCBP 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.
BCBP vs VXZ: side by side
| BCBP (BCB Bancorp, Inc. (NJ)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.6% | -16.1% |
| 5-year return | -25.8% | -53.1% |
| Volatility (ann.) | 33.3% | 25.6% |
| Beta vs S&P 500 | 0.59 | -1.31 |
| Max drawdown (3Y) | -41.2% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.70% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCBP | VXZ |
|---|---|---|
| 2022 | +20.7% | +0.5% |
| 2023 | -24.8% | -44.0% |
| 2024 | -2.5% | -12.7% |
| 2025 | -26.6% | +5.7% |
| 2026 | +9.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCBP and VXZ good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCBP and VXZ?
The BCBP/VXZ correlation stands at -0.39 on a 3-year window (1 year: -0.16, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BCBP?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/bcbp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcbp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCBP correlations · VXZ correlations
