BCIC vs VXX: Correlation
How closely do BCP Investment Corporation - Closed End Fund (BCIC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCIC and VXX?
On 3 years of weekly data the BCIC/VXX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.35 over 3 years. The 5-year figure is -0.32, and annualized covariance runs at -492.5 %².
Among the 14 assets we track against BCIC, VXX sits near the bottom by co-movement, at rank #13. The last year tells two different stories: BCIC led by 22.7 percentage points, -27.0% for BCIC against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.7 times the volatility of the other side.
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.
BCIC vs VXX: side by side
| BCIC (BCP Investment Corporation - Closed End Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.0% | -49.7% |
| 5-year return | -38.0% | -95.6% |
| Volatility (ann.) | 22.8% | 60.9% |
| Beta vs S&P 500 | 0.53 | -3.31 |
| Max drawdown (3Y) | -52.7% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 17.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCIC | VXX |
|---|---|---|
| 2022 | +3.8% | -23.8% |
| 2023 | -9.0% | -72.5% |
| 2024 | +3.9% | -26.2% |
| 2025 | -15.8% | -42.2% |
| 2026 | -28.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCIC and VXX good diversifiers for each other?
Yes. With a correlation of -0.35, BCIC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BCIC and VXX?
The BCIC/VXX correlation stands at -0.35 on a 3-year window (1 year: -0.46, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BCIC?
Yes. With a correlation of -0.35, BCIC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/bcic-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcic-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCIC correlations · VXX correlations
