BCX vs VXX: Correlation
Measured on weekly returns over the past three years, BlackRock Resources (BCX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and VXX?
Over the past 3 years, BCX and VXX moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.45 over 1 year against -0.46 over 3. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -561.9 %².
VXX is close to the least connected end of BCX's tracked universe, ranking #17 of 17. Correlation aside, the last 12 months split them widely, with BCX ahead by 91.2 points (+41.5% versus -49.7%). One caveat on sizing: VXX is 3.0 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.
BCX vs VXX: side by side
| BCX (BlackRock Resources) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +41.5% | -49.7% |
| 5-year return | +98.3% | -95.6% |
| Volatility (ann.) | 20.0% | 60.9% |
| Beta vs S&P 500 | 0.56 | -3.31 |
| Max drawdown (3Y) | -18.8% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 4.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCX | VXX |
|---|---|---|
| 2022 | +12.8% | -23.8% |
| 2023 | -4.8% | -72.5% |
| 2024 | +3.2% | -26.2% |
| 2025 | +40.4% | -42.2% |
| 2026 | +24.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and VXX good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCX and VXX?
As of 2026-08-27, the correlation of weekly returns between BCX and VXX is -0.46 over 3 years, -0.45 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for BCX?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
A reading of -0.46 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/bcx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCX correlations · VXX correlations
