BGDE vs VXZ: Correlation
Big Digital Energy, Inc. (BGDE) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGDE and VXZ?
On 3 years of weekly data the BGDE/VXZ correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.24). The 5-year figure is -0.22, and annualized covariance runs at -1093.0 %².
Out of 11 assets tracked against BGDE, VXZ lands near the bottom at #9. Neither side won the trailing year by much: -13.3% against -16.1%. Note the risk asymmetry: BGDE runs 7.1 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.
BGDE vs VXZ: side by side
| BGDE (Big Digital Energy, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -13.3% | -16.1% |
| 5-year return | -99.6% | -53.1% |
| Volatility (ann.) | 181.6% | 25.6% |
| Beta vs S&P 500 | 4.23 | -1.31 |
| Max drawdown (3Y) | -98.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGDE | VXZ |
|---|---|---|
| 2022 | -96.5% | +0.5% |
| 2023 | +131.9% | -44.0% |
| 2024 | -74.1% | -12.7% |
| 2025 | -74.6% | +5.7% |
| 2026 | +72.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGDE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BGDE and VXZ?
The BGDE/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.36, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BGDE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/bgde-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgde-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGDE correlations · VXZ correlations
