BCH vs VXX: Correlation
Measured on weekly returns over the past three years, Banco De Chile (BCH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCH and VXX?
Across a 3-year window, the weekly returns of BCH and VXX correlate at -0.35, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -529.3 %².
Out of 15 assets tracked against BCH, VXX lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with BCH ahead by 105.1 points (+55.4% versus -49.7%). Note the risk asymmetry: VXX runs 2.5 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.
BCH vs VXX: side by side
| BCH (Banco De Chile) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +55.4% | -49.7% |
| 5-year return | +219.8% | -95.6% |
| Volatility (ann.) | 24.6% | 60.9% |
| Beta vs S&P 500 | 0.63 | -3.31 |
| Max drawdown (3Y) | -20.0% | -83.3% |
| Market cap | $21.0B | – |
| P/E (trailing) | 15.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCH | VXX |
|---|---|---|
| 2022 | +41.2% | -23.8% |
| 2023 | +23.4% | -72.5% |
| 2024 | +6.1% | -26.2% |
| 2025 | +81.2% | -42.2% |
| 2026 | +16.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCH and VXX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.39 over the last year and -0.17 over 5 years.
Is VXX a good diversifier for BCH?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
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/bch-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bch-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCH correlations · VXX correlations
