BLDR vs VXX: Correlation
Measured on weekly returns over the past three years, Builders FirstSource (BLDR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and VXX?
On 3 years of weekly data the BLDR/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.37 over 3. The 5-year figure is -0.39, and annualized covariance runs at -1023.5 %².
Out of 48 assets tracked against BLDR, VXX lands near the bottom at #47. Twelve-month performance is nearly a tie, at -52.6% for BLDR and -49.7% for VXX.
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.
BLDR vs VXX: side by side
| BLDR (Builders FirstSource) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -52.6% | -49.7% |
| 5-year return | +25.8% | -95.6% |
| Volatility (ann.) | 45.6% | 60.9% |
| Beta vs S&P 500 | 1.36 | -3.31 |
| Max drawdown (3Y) | -68.7% | -83.3% |
| Market cap | $7.2B | – |
| P/E (trailing) | 74.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BLDR | VXX |
|---|---|---|
| 2022 | -24.3% | -23.8% |
| 2023 | +157.3% | -72.5% |
| 2024 | -14.4% | -26.2% |
| 2025 | -28.0% | -42.2% |
| 2026 | -34.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and VXX good diversifiers for each other?
Yes. With a correlation of -0.37, BLDR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BLDR and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.27 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for BLDR?
Yes. With a correlation of -0.37, BLDR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
A reading of -0.37 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/bldr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bldr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLDR correlations · VXX correlations
