BEN vs VXX: Correlation
Measured on weekly returns over the past three years, Franklin Resources (BEN) 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 BEN and VXX?
Over the past 3 years, BEN 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: -0.43 over 1 year against -0.46 over 3. Over 5 years the correlation is -0.49, and the annualized covariance of weekly returns is -776.0 %².
Among the 28 assets we track against BEN, VXX sits near the bottom by co-movement, at rank #27. The last year tells two different stories: BEN led by 92.7 percentage points, +43.0% for BEN against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.2 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.
BEN vs VXX: side by side
| BEN (Franklin Resources) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +43.0% | -49.7% |
| 5-year return | +37.6% | -95.6% |
| Volatility (ann.) | 27.9% | 60.9% |
| Beta vs S&P 500 | 1.01 | -3.31 |
| Max drawdown (3Y) | -40.0% | -83.3% |
| Market cap | $17.7B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 3.74% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BEN | VXX |
|---|---|---|
| 2022 | -17.5% | -23.8% |
| 2023 | +17.0% | -72.5% |
| 2024 | -27.2% | -26.2% |
| 2025 | +24.8% | -42.2% |
| 2026 | +49.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between BEN and VXX?
As of 2026-08-27, the correlation of weekly returns between BEN and VXX is -0.46 over 3 years, -0.43 over 1 year and -0.49 over 5 years.
Is VXX a good diversifier for BEN?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 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/ben-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ben-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BEN correlations · VXX correlations
