BCML vs VXX: Correlation
Measured on weekly returns over the past three years, BayCom Corp (BCML) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCML and VXX?
On 3 years of weekly data the BCML/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.38). The 5-year figure is -0.31, and annualized covariance runs at -571.9 %².
VXX is close to the least connected end of BCML's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months BCML outperformed by 51.8 percentage points (+2.1% for BCML against -49.7% for VXX). 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.
BCML vs VXX: side by side
| BCML (BayCom Corp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.1% | -49.7% |
| 5-year return | +92.9% | -95.6% |
| Volatility (ann.) | 24.7% | 60.9% |
| Beta vs S&P 500 | 0.55 | -3.31 |
| Max drawdown (3Y) | -19.7% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 3.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCML | VXX |
|---|---|---|
| 2022 | +2.2% | -23.8% |
| 2023 | +26.9% | -72.5% |
| 2024 | +16.0% | -26.2% |
| 2025 | +13.0% | -42.2% |
| 2026 | +4.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCML and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCML and VXX?
The BCML/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.07, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BCML?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
A reading of -0.38 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/bcml-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcml-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCML correlations · VXX correlations
