BCSF vs VXX: Correlation
Measured on weekly returns over the past three years, Bain Capital Specialty Finance, Inc. (BCSF) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCSF and VXX?
Across a 3-year window, the weekly returns of BCSF and VXX correlate at -0.50, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.37) than the 3-year average (-0.50). Stretching to 5 years gives -0.48, with an annualized covariance of -577.7 %².
Among the 15 assets we track against BCSF, VXX sits near the bottom by co-movement, at rank #15. The last year tells two different stories: BCSF led by 37.7 percentage points, -12.0% for BCSF against -49.7% for VXX. Risk is not evenly split, since VXX carries 3.2 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.
BCSF vs VXX: side by side
| BCSF (Bain Capital Specialty Finance, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.0% | -49.7% |
| 5-year return | +39.1% | -95.6% |
| Volatility (ann.) | 18.9% | 60.9% |
| Beta vs S&P 500 | 0.60 | -3.31 |
| Max drawdown (3Y) | -26.4% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 14.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCSF | VXX |
|---|---|---|
| 2022 | -13.3% | -23.8% |
| 2023 | +42.0% | -72.5% |
| 2024 | +29.5% | -26.2% |
| 2025 | -9.6% | -42.2% |
| 2026 | -8.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCSF and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCSF and VXX?
Using weekly returns as of 2026-08-27: -0.50 over 3 years, with -0.37 over the last year and -0.48 over 5 years.
Is VXX a good diversifier for BCSF?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
What does a correlation of -0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcsf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcsf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCSF correlations · VXX correlations
