BNY vs VXX: Correlation
Measured on weekly returns over the past three years, BNY Mellon (BNY) 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 BNY and VXX?
Across a 3-year window, the weekly returns of BNY and VXX correlate at -0.62, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.54 over 1 year against -0.62 over 3. Stretching to 5 years gives -0.55, with an annualized covariance of -763.2 %².
Out of 31 assets tracked against BNY, VXX lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months BNY outperformed by 106.9 percentage points (+57.2% for BNY against -49.7% for VXX). Risk is not evenly split, since VXX carries 3.0 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.
BNY vs VXX: side by side
| BNY (BNY Mellon) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +57.2% | -49.7% |
| 5-year return | +236.7% | -95.6% |
| Volatility (ann.) | 20.2% | 60.9% |
| Beta vs S&P 500 | 0.89 | -3.31 |
| Max drawdown (3Y) | -17.6% | -83.3% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BNY | VXX |
|---|---|---|
| 2022 | -19.1% | -23.8% |
| 2023 | +18.5% | -72.5% |
| 2024 | +51.9% | -26.2% |
| 2025 | +54.4% | -42.2% |
| 2026 | +41.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNY and VXX?
The BNY/VXX correlation stands at -0.62 on a 3-year window (1 year: -0.54, 5 years: -0.55), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BNY?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
What does a correlation of -0.62 mean?
A reading of -0.62 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/bny-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bny-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNY correlations · VXX correlations
