BKT vs VXX: Correlation
How closely do BlackRock Income Trust Inc. (The) (BKT) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKT and VXX?
Across a 3-year window, the weekly returns of BKT and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Stretching to 5 years gives -0.25, with an annualized covariance of -146.4 %².
Out of 16 assets tracked against BKT, VXX lands near the bottom at #15. The last year tells two different stories: BKT led by 46.4 percentage points, -3.3% for BKT against -49.7% for VXX. Risk is not evenly split, since VXX carries 6.3 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.
BKT vs VXX: side by side
| BKT (BlackRock Income Trust Inc. (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.3% | -49.7% |
| 5-year return | -16.5% | -95.6% |
| Volatility (ann.) | 9.7% | 60.9% |
| Beta vs S&P 500 | 0.19 | -3.31 |
| Max drawdown (3Y) | -10.4% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 10.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKT | VXX |
|---|---|---|
| 2022 | -21.6% | -23.8% |
| 2023 | +7.6% | -72.5% |
| 2024 | +3.2% | -26.2% |
| 2025 | +5.0% | -42.2% |
| 2026 | +0.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between BKT and VXX?
The BKT/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.34, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BKT?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/bkt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BKT correlations · VXX correlations
