BMRC vs VXX: Correlation
How closely do Bank of Marin Bancorp (BMRC) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRC and VXX?
Over the past 3 years, BMRC and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.41 over 3 years. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -827.3 %².
Among the 11 assets we track against BMRC, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: BMRC led by 62.4 percentage points, +12.7% for BMRC against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.8 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.
BMRC vs VXX: side by side
| BMRC (Bank of Marin Bancorp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.7% | -49.7% |
| 5-year return | -8.2% | -95.6% |
| Volatility (ann.) | 33.0% | 60.9% |
| Beta vs S&P 500 | 0.75 | -3.31 |
| Max drawdown (3Y) | -35.2% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMRC | VXX |
|---|---|---|
| 2022 | -9.1% | -23.8% |
| 2023 | -29.5% | -72.5% |
| 2024 | +13.9% | -26.2% |
| 2025 | +14.2% | -42.2% |
| 2026 | +5.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between BMRC and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.12 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for BMRC?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 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/bmrc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmrc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMRC correlations · VXX correlations
