BOKF vs VXX: Correlation
Measured on weekly returns over the past three years, BOK Financial Corporation (BOKF) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOKF and VXX?
Across a 3-year window, the weekly returns of BOKF and VXX correlate at -0.54, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.54 over 3 years. Stretching to 5 years gives -0.47, with an annualized covariance of -845.2 %².
VXX is close to the least connected end of BOKF's tracked universe, ranking #14 of 15. The last year tells two different stories: BOKF led by 75.2 percentage points, +25.5% for BOKF against -49.7% for VXX. One caveat on sizing: VXX is 2.4 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.
BOKF vs VXX: side by side
| BOKF (BOK Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.5% | -49.7% |
| 5-year return | +78.9% | -95.6% |
| Volatility (ann.) | 25.9% | 60.9% |
| Beta vs S&P 500 | 0.86 | -3.31 |
| Max drawdown (3Y) | -26.2% | -83.3% |
| Market cap | $8.4B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOKF | VXX |
|---|---|---|
| 2022 | +1.2% | -23.8% |
| 2023 | -15.2% | -72.5% |
| 2024 | +27.2% | -26.2% |
| 2025 | +13.8% | -42.2% |
| 2026 | +18.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOKF and VXX good diversifiers for each other?
Yes: at -0.54, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BOKF and VXX?
Using weekly returns as of 2026-08-27: -0.54 over 3 years, with -0.17 over the last year and -0.47 over 5 years.
Is VXX a good diversifier for BOKF?
Yes: at -0.54, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.54 mean?
A reading of -0.54 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/bokf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bokf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BOKF correlations · VXX correlations
