BFST vs VXX: Correlation
Measured on weekly returns over the past three years, Business First Bancshares, Inc. (BFST) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.48, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and VXX?
On 3 years of weekly data the BFST/VXX correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.23) runs above the 3-year figure (-0.48). The 5-year figure is -0.42, and annualized covariance runs at -877.5 %².
VXX is close to the least connected end of BFST's tracked universe, ranking #18 of 19. Their recent paths diverged sharply: over the last 12 months BFST outperformed by 75.3 percentage points (+25.6% for BFST against -49.7% for VXX). One caveat on sizing: VXX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BFST vs VXX: side by side
| BFST (Business First Bancshares, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.6% | -49.7% |
| 5-year return | +47.5% | -95.6% |
| Volatility (ann.) | 29.7% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -27.3% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 1.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | VXX |
|---|---|---|
| 2022 | -20.2% | -23.8% |
| 2023 | +14.4% | -72.5% |
| 2024 | +6.9% | -26.2% |
| 2025 | +4.0% | -42.2% |
| 2026 | +21.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and VXX good diversifiers for each other?
Yes. With a correlation of -0.48, BFST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BFST and VXX?
Using weekly returns as of 2026-08-27: -0.48 over 3 years, with -0.23 over the last year and -0.42 over 5 years.
Is VXX a good diversifier for BFST?
Yes. With a correlation of -0.48, BFST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 mean?
A reading of -0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bfst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BFST correlations · VXX correlations
