BDX vs VXX: Correlation
How closely do Becton Dickinson (BDX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and VXX?
Over the past 3 years, BDX and VXX moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -293.0 %².
VXX is close to the least connected end of BDX's tracked universe, ranking #27 of 28. Correlation aside, the last 12 months split them widely, with BDX ahead by 75.2 points (+25.5% versus -49.7%). Note the risk asymmetry: VXX runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BDX vs VXX: side by side
| BDX (Becton Dickinson) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.5% | -49.7% |
| 5-year return | +6.8% | -95.6% |
| Volatility (ann.) | 24.0% | 60.9% |
| Beta vs S&P 500 | 0.33 | -3.31 |
| Max drawdown (3Y) | -39.6% | -83.3% |
| Market cap | $51.2B | – |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BDX | VXX |
|---|---|---|
| 2022 | +5.1% | -23.8% |
| 2023 | -2.7% | -72.5% |
| 2024 | -5.4% | -26.2% |
| 2025 | -12.6% | -42.2% |
| 2026 | +25.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and VXX good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BDX and VXX?
As of 2026-08-27, the correlation of weekly returns between BDX and VXX is -0.20 over 3 years, -0.11 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for BDX?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bdx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BDX correlations · VXX correlations
