BCPC vs VXX: Correlation
Balchem Corporation (BCPC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and VXX?
Across a 3-year window, the weekly returns of BCPC and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.29). Stretching to 5 years gives -0.35, with an annualized covariance of -395.0 %².
VXX is close to the least connected end of BCPC's tracked universe, ranking #14 of 14. Their recent paths diverged sharply: over the last 12 months BCPC outperformed by 59.3 percentage points (+9.6% for BCPC against -49.7% for VXX). One caveat on sizing: VXX is 2.7 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.
BCPC vs VXX: side by side
| BCPC (Balchem Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.6% | -49.7% |
| 5-year return | +31.0% | -95.6% |
| Volatility (ann.) | 22.7% | 60.9% |
| Beta vs S&P 500 | 0.57 | -3.31 |
| Max drawdown (3Y) | -23.1% | -83.3% |
| Market cap | $5.7B | – |
| P/E (trailing) | 35.4 | – |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCPC | VXX |
|---|---|---|
| 2022 | -27.1% | -23.8% |
| 2023 | +22.5% | -72.5% |
| 2024 | +10.2% | -26.2% |
| 2025 | -5.3% | -42.2% |
| 2026 | +16.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCPC and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.07 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for BCPC?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/bcpc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcpc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCPC correlations · VXX correlations
