BIPC vs VXX: Correlation
How closely do Brookfield Infrastructure Corporation (BIPC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIPC and VXX?
On 3 years of weekly data the BIPC/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.38). The 5-year figure is -0.37, and annualized covariance runs at -708.7 %².
Out of 12 assets tracked against BIPC, VXX lands near the bottom at #11. The last year tells two different stories: BIPC led by 50.9 percentage points, +1.2% for BIPC against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.0 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.
BIPC vs VXX: side by side
| BIPC (Brookfield Infrastructure Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.2% | -49.7% |
| 5-year return | +13.3% | -95.6% |
| Volatility (ann.) | 30.4% | 60.9% |
| Beta vs S&P 500 | 0.95 | -3.31 |
| Max drawdown (3Y) | -33.7% | -83.3% |
| Market cap | $4.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIPC | VXX |
|---|---|---|
| 2022 | -11.9% | -23.8% |
| 2023 | -5.7% | -72.5% |
| 2024 | +18.4% | -26.2% |
| 2025 | +18.3% | -42.2% |
| 2026 | -11.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIPC and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, BIPC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BIPC and VXX?
The BIPC/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.22, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BIPC?
Yes. With a correlation of -0.38, BIPC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/bipc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bipc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BIPC correlations · VXX correlations
