BIPC vs VXZ: Correlation
Measured on weekly returns over the past three years, Brookfield Infrastructure Corporation (BIPC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIPC and VXZ?
Across a 3-year window, the weekly returns of BIPC and VXZ correlate at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.41 over 3 years. Stretching to 5 years gives -0.39, with an annualized covariance of -315.1 %².
Among the 12 assets we track against BIPC, VXZ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with BIPC ahead by 17.3 points (+1.2% versus -16.1%).
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 VXZ: side by side
| BIPC (Brookfield Infrastructure Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.2% | -16.1% |
| 5-year return | +13.3% | -53.1% |
| Volatility (ann.) | 30.4% | 25.6% |
| Beta vs S&P 500 | 0.95 | -1.31 |
| Max drawdown (3Y) | -33.7% | -36.4% |
| Market cap | $4.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.47% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIPC | VXZ |
|---|---|---|
| 2022 | -11.9% | +0.5% |
| 2023 | -5.7% | -44.0% |
| 2024 | +18.4% | -12.7% |
| 2025 | +18.3% | +5.7% |
| 2026 | -11.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIPC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between BIPC and VXZ?
The BIPC/VXZ correlation stands at -0.41 on a 3-year window (1 year: -0.18, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BIPC?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
A reading of -0.41 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bipc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BIPC correlations · VXZ correlations
