BKE vs VXX: Correlation
How closely do Buckle, Inc. (The) (BKE) 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 -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and VXX?
Across a 3-year window, the weekly returns of BKE and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Stretching to 5 years gives -0.40, with an annualized covariance of -795.9 %².
Among the 21 assets we track against BKE, VXX sits near the bottom by co-movement, at rank #21. The last year tells two different stories: BKE led by 31.8 percentage points, -17.9% for BKE against -49.7% for VXX. One caveat on sizing: VXX is 2.0 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.
BKE vs VXX: side by side
| BKE (Buckle, Inc. (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.9% | -49.7% |
| 5-year return | +83.6% | -95.6% |
| Volatility (ann.) | 31.1% | 60.9% |
| Beta vs S&P 500 | 0.85 | -3.31 |
| Max drawdown (3Y) | -33.9% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 1.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKE | VXX |
|---|---|---|
| 2022 | +10.9% | -23.8% |
| 2023 | +15.0% | -72.5% |
| 2024 | +17.5% | -26.2% |
| 2025 | +14.0% | -42.2% |
| 2026 | -13.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, BKE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BKE and VXX?
The BKE/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.35, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BKE?
Yes. With a correlation of -0.42, BKE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
A reading of -0.42 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/bke-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bke-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BKE correlations · VXX correlations
