BCO vs VXX: Correlation
Measured on weekly returns over the past three years, Brinks Company (The) (BCO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCO and VXX?
Over the past 3 years, BCO and VXX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.34). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -633.1 %².
Among the 12 assets we track against BCO, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: BCO led by 47.9 percentage points, -1.8% for BCO against -49.7% for VXX. One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BCO vs VXX: side by side
| BCO (Brinks Company (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.8% | -49.7% |
| 5-year return | +48.9% | -95.6% |
| Volatility (ann.) | 30.5% | 60.9% |
| Beta vs S&P 500 | 0.85 | -3.31 |
| Max drawdown (3Y) | -31.9% | -83.3% |
| Market cap | $4.5B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.91% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCO | VXX |
|---|---|---|
| 2022 | -17.0% | -23.8% |
| 2023 | +65.9% | -72.5% |
| 2024 | +6.5% | -26.2% |
| 2025 | +27.2% | -42.2% |
| 2026 | -5.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCO and VXX good diversifiers for each other?
Yes. With a correlation of -0.34, BCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BCO and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.12 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for BCO?
Yes. With a correlation of -0.34, BCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
A reading of -0.34 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/bco-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bco-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCO correlations · VXX correlations
