BR vs VXX: Correlation
Broadridge Financial Solutions (BR) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and VXX?
Over the past 3 years, BR and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.31). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -421.5 %².
VXX is close to the least connected end of BR's tracked universe, ranking #43 of 45. Correlation aside, the last 12 months split them widely, with BR ahead by 22.1 points (-27.6% versus -49.7%). Note the risk asymmetry: VXX runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BR vs VXX: side by side
| BR (Broadridge Financial Solutions) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.6% | -49.7% |
| 5-year return | +16.0% | -95.6% |
| Volatility (ann.) | 22.6% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -48.2% | -83.3% |
| Market cap | $20.9B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | VXX |
|---|---|---|
| 2022 | -25.3% | -23.8% |
| 2023 | +56.2% | -72.5% |
| 2024 | +11.7% | -26.2% |
| 2025 | +0.3% | -42.2% |
| 2026 | -17.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, BR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BR and VXX?
The BR/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.12, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BR?
Yes. With a correlation of -0.31, BR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/br-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/br-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BR correlations · VXX correlations
