BLND vs VXX: Correlation
How closely do Blend Labs, Inc. (BLND) 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 -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLND and VXX?
On 3 years of weekly data the BLND/VXX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is -0.25, and annualized covariance runs at -1596.2 %².
Among the 12 assets we track against BLND, VXX sits near the bottom by co-movement, at rank #11. Over the last 12 months VXX came out ahead by 7.5 percentage points (-57.2% against -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.
BLND vs VXX: side by side
| BLND (Blend Labs, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -57.2% | -49.7% |
| 5-year return | -90.5% | -95.6% |
| Volatility (ann.) | 75.5% | 60.9% |
| Beta vs S&P 500 | 1.32 | -3.31 |
| Max drawdown (3Y) | -74.2% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLND | VXX |
|---|---|---|
| 2022 | -80.4% | -23.8% |
| 2023 | +77.1% | -72.5% |
| 2024 | +65.1% | -26.2% |
| 2025 | -27.8% | -42.2% |
| 2026 | -49.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLND and VXX good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BLND and VXX?
The BLND/VXX correlation stands at -0.35 on a 3-year window (1 year: -0.26, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BLND?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
A reading of -0.35 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/blnd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blnd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLND correlations · VXX correlations
