BRX vs VXX: Correlation
Brixmor Property Group Inc. (BRX) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and VXX?
Over the past 3 years, BRX and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.39 over 3 years. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -490.4 %².
Among the 25 assets we track against BRX, VXX sits near the bottom by co-movement, at rank #24. Their recent paths diverged sharply: over the last 12 months BRX outperformed by 58.1 percentage points (+8.4% for BRX against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.9 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.
BRX vs VXX: side by side
| BRX (Brixmor Property Group Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.4% | -49.7% |
| 5-year return | +55.9% | -95.6% |
| Volatility (ann.) | 20.7% | 60.9% |
| Beta vs S&P 500 | 0.56 | -3.31 |
| Max drawdown (3Y) | -22.4% | -83.3% |
| Market cap | $8.9B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 4.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRX | VXX |
|---|---|---|
| 2022 | -6.8% | -23.8% |
| 2023 | +7.7% | -72.5% |
| 2024 | +25.2% | -26.2% |
| 2025 | -1.7% | -42.2% |
| 2026 | +14.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRX and VXX?
The BRX/VXX correlation stands at -0.39 on a 3-year window (1 year: -0.01, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BRX?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/brx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRX correlations · VXX correlations
