BE vs VXX: Correlation
Bloom Energy Corporation (BE) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BE and VXX?
On 3 years of weekly data the BE/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. The 5-year figure is -0.32, and annualized covariance runs at -2071.9 %².
Out of 12 assets tracked against BE, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months BE outperformed by 378.1 percentage points (+328.4% for BE against -49.7% for VXX). Note the risk asymmetry: BE runs 1.5 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.
BE vs VXX: side by side
| BE (Bloom Energy Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +328.4% | -49.7% |
| 5-year return | +914.6% | -95.6% |
| Volatility (ann.) | 94.3% | 60.9% |
| Beta vs S&P 500 | 2.56 | -3.31 |
| Max drawdown (3Y) | -52.7% | -83.3% |
| Market cap | $64.2B | – |
| P/E (trailing) | 286.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BE | VXX |
|---|---|---|
| 2022 | -12.8% | -23.8% |
| 2023 | -22.6% | -72.5% |
| 2024 | +50.1% | -26.2% |
| 2025 | +291.2% | -42.2% |
| 2026 | +150.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BE and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, BE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BE and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.37 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for BE?
Yes. With a correlation of -0.36, BE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 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/be-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/be-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BE correlations · VXX correlations
