BRKR vs VXX: Correlation
Measured on weekly returns over the past three years, Bruker Corporation (BRKR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRKR and VXX?
Over the past 3 years, BRKR and VXX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -792.4 %².
VXX is close to the least connected end of BRKR's tracked universe, ranking #12 of 13. Their recent paths diverged sharply: over the last 12 months BRKR outperformed by 127.0 percentage points (+77.3% for BRKR against -49.7% for VXX).
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.
BRKR vs VXX: side by side
| BRKR (Bruker Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +77.3% | -49.7% |
| 5-year return | -32.8% | -95.6% |
| Volatility (ann.) | 49.5% | 60.9% |
| Beta vs S&P 500 | 1.17 | -3.31 |
| Max drawdown (3Y) | -68.7% | -83.3% |
| Market cap | $9.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRKR | VXX |
|---|---|---|
| 2022 | -18.3% | -23.8% |
| 2023 | +7.8% | -72.5% |
| 2024 | -20.0% | -26.2% |
| 2025 | -19.2% | -42.2% |
| 2026 | +26.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRKR and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRKR and VXX?
The BRKR/VXX correlation stands at -0.26 on a 3-year window (1 year: -0.31, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BRKR?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/brkr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brkr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRKR correlations · VXX correlations
