BLW vs VXX: Correlation
How closely do Blackrock Limited Duration Income Trust (BLW) 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 -0.52, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLW and VXX?
Over the past 3 years, BLW and VXX moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.53 lands near the 3-year figure. Over 5 years the correlation is -0.46, and the annualized covariance of weekly returns is -312.2 %².
VXX is close to the least connected end of BLW's tracked universe, ranking #16 of 17. The last year tells two different stories: BLW led by 49.5 percentage points, -0.2% for BLW against -49.7% for VXX. Risk is not evenly split, since VXX carries 6.2 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.
BLW vs VXX: side by side
| BLW (Blackrock Limited Duration Income Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.2% | -49.7% |
| 5-year return | +16.7% | -95.6% |
| Volatility (ann.) | 9.8% | 60.9% |
| Beta vs S&P 500 | 0.38 | -3.31 |
| Max drawdown (3Y) | -11.2% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 10.4 | – |
| Dividend yield | 10.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLW | VXX |
|---|---|---|
| 2022 | -15.9% | -23.8% |
| 2023 | +17.3% | -72.5% |
| 2024 | +11.1% | -26.2% |
| 2025 | +7.1% | -42.2% |
| 2026 | -0.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLW and VXX good diversifiers for each other?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BLW and VXX?
The BLW/VXX correlation stands at -0.52 on a 3-year window (1 year: -0.53, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BLW?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/blw-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blw-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLW correlations · VXX correlations
