BN vs VXX: Correlation
Measured on weekly returns over the past three years, Brookfield Corporation Class A Limited Voting Shares (BN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.62, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and VXX?
Over the past 3 years, BN and VXX moved with a correlation of -0.62, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.43 versus -0.62 over 3 years. Over 5 years the correlation is -0.58, and the annualized covariance of weekly returns is -1085.0 %².
VXX is close to the least connected end of BN's tracked universe, ranking #31 of 32. The last year tells two different stories: BN led by 45.2 percentage points, -4.5% for BN against -49.7% for VXX. One caveat on sizing: VXX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BN vs VXX: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.5% | -49.7% |
| 5-year return | +42.1% | -95.6% |
| Volatility (ann.) | 28.8% | 60.9% |
| Beta vs S&P 500 | 1.47 | -3.31 |
| Max drawdown (3Y) | -27.8% | -83.3% |
| Market cap | $92.5B | – |
| P/E (trailing) | 76.7 | – |
| Dividend yield | 0.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BN | VXX |
|---|---|---|
| 2022 | -34.6% | -23.8% |
| 2023 | +28.6% | -72.5% |
| 2024 | +44.2% | -26.2% |
| 2025 | +20.5% | -42.2% |
| 2026 | -9.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and VXX good diversifiers for each other?
Yes: at -0.62, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BN and VXX?
Using weekly returns as of 2026-08-27: -0.62 over 3 years, with -0.43 over the last year and -0.58 over 5 years.
Is VXX a good diversifier for BN?
Yes: at -0.62, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.62 mean?
On the −1 to +1 scale, -0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BN correlations · VXX correlations
