BPOP vs VXX: Correlation
Popular, Inc. (BPOP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BPOP and VXX?
Over the past 3 years, BPOP and VXX moved with a correlation of -0.53, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.30) than the 3-year average (-0.53). Over 5 years the correlation is -0.49, and the annualized covariance of weekly returns is -847.1 %².
VXX is close to the least connected end of BPOP's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with BPOP ahead by 88.9 points (+39.2% versus -49.7%). One caveat on sizing: VXX is 2.3 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.
BPOP vs VXX: side by side
| BPOP (Popular, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.2% | -49.7% |
| 5-year return | +157.8% | -95.6% |
| Volatility (ann.) | 26.3% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -22.6% | -83.3% |
| Market cap | $10.8B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BPOP | VXX |
|---|---|---|
| 2022 | -16.8% | -23.8% |
| 2023 | +28.3% | -72.5% |
| 2024 | +17.9% | -26.2% |
| 2025 | +36.0% | -42.2% |
| 2026 | +37.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BPOP and VXX good diversifiers for each other?
Yes. With a correlation of -0.53, BPOP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BPOP and VXX?
As of 2026-08-27, the correlation of weekly returns between BPOP and VXX is -0.53 over 3 years, -0.30 over 1 year and -0.49 over 5 years.
Is VXX a good diversifier for BPOP?
Yes. With a correlation of -0.53, BPOP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 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/bpop-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bpop-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BPOP correlations · VXX correlations
