BELFB vs VXX: Correlation
Bel Fuse Inc. (BELFB) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BELFB and VXX?
Over the past 3 years, BELFB and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -1129.1 %².
VXX is close to the least connected end of BELFB's tracked universe, ranking #14 of 14. Their recent paths diverged sharply: over the last 12 months BELFB outperformed by 133.4 percentage points (+83.7% for BELFB against -49.7% for VXX).
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.
BELFB vs VXX: side by side
| BELFB (Bel Fuse Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +83.7% | -49.7% |
| 5-year return | +1827.0% | -95.6% |
| Volatility (ann.) | 49.1% | 60.9% |
| Beta vs S&P 500 | 1.30 | -3.31 |
| Max drawdown (3Y) | -33.4% | -83.3% |
| Market cap | $3.7B | – |
| P/E (trailing) | 65.2 | – |
| Dividend yield | 0.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BELFB | VXX |
|---|---|---|
| 2022 | +158.7% | -23.8% |
| 2023 | +104.2% | -72.5% |
| 2024 | +24.0% | -26.2% |
| 2025 | +106.3% | -42.2% |
| 2026 | +52.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BELFB and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BELFB and VXX?
As of 2026-08-27, the correlation of weekly returns between BELFB and VXX is -0.38 over 3 years, -0.39 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for BELFB?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 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/belfb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/belfb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BELFB correlations · VXX correlations
