BDN vs VXX: Correlation
Brandywine Realty Trust (BDN) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDN and VXX?
Over the past 3 years, BDN and VXX moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.40 over 3. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -988.5 %².
Among the 13 assets we track against BDN, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: BDN led by 31.4 percentage points, -18.3% for BDN against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.5 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.
BDN vs VXX: side by side
| BDN (Brandywine Realty Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.3% | -49.7% |
| 5-year return | -61.3% | -95.6% |
| Volatility (ann.) | 40.3% | 60.9% |
| Beta vs S&P 500 | 1.01 | -3.31 |
| Max drawdown (3Y) | -56.3% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 9.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDN | VXX |
|---|---|---|
| 2022 | -50.7% | -23.8% |
| 2023 | +1.7% | -72.5% |
| 2024 | +17.1% | -26.2% |
| 2025 | -41.3% | -42.2% |
| 2026 | +15.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDN and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BDN and VXX?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.31 over the last year and -0.41 over 5 years.
Is VXX a good diversifier for BDN?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 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/bdn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BDN correlations · VXX correlations
