BLMN vs VXX: Correlation
How closely do Bloomin' Brands, Inc. (BLMN) 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 -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLMN and VXX?
Across a 3-year window, the weekly returns of BLMN and VXX correlate at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.19). Stretching to 5 years gives -0.22, with an annualized covariance of -724.2 %².
Out of 20 assets tracked against BLMN, VXX lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with BLMN ahead by 93.5 points (+43.8% 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.
BLMN vs VXX: side by side
| BLMN (Bloomin' Brands, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +43.8% | -49.7% |
| 5-year return | -53.9% | -95.6% |
| Volatility (ann.) | 61.1% | 60.9% |
| Beta vs S&P 500 | 1.23 | -3.31 |
| Max drawdown (3Y) | -80.5% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 1.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLMN | VXX |
|---|---|---|
| 2022 | -1.7% | -23.8% |
| 2023 | +45.5% | -72.5% |
| 2024 | -54.4% | -26.2% |
| 2025 | -46.6% | -42.2% |
| 2026 | +69.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLMN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between BLMN and VXX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.31 over the last year and -0.22 over 5 years.
Is VXX a good diversifier for BLMN?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/blmn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blmn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLMN correlations · VXX correlations
