BKSY vs VXX: Correlation
How closely do BlackSky Technology Inc. (BKSY) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKSY and VXX?
Over the past 3 years, BKSY and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.30). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -1641.4 %².
Among the 14 assets we track against BKSY, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with BKSY ahead by 86.0 points (+36.3% versus -49.7%).
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.
BKSY vs VXX: side by side
| BKSY (BlackSky Technology Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.3% | -49.7% |
| 5-year return | -69.1% | -95.6% |
| Volatility (ann.) | 90.5% | 60.9% |
| Beta vs S&P 500 | 2.48 | -3.31 |
| Max drawdown (3Y) | -69.1% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKSY | VXX |
|---|---|---|
| 2022 | -65.7% | -23.8% |
| 2023 | -9.1% | -72.5% |
| 2024 | -3.7% | -26.2% |
| 2025 | +73.8% | -42.2% |
| 2026 | +32.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKSY and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BKSY and VXX?
The BKSY/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.16, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BKSY?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/bksy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bksy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BKSY correlations · VXX correlations
