BSRR vs VXX: Correlation
Measured on weekly returns over the past three years, Sierra Bancorp (BSRR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSRR and VXX?
Across a 3-year window, the weekly returns of BSRR and VXX correlate at -0.45, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.26) runs above the 3-year figure (-0.45). Stretching to 5 years gives -0.40, with an annualized covariance of -876.8 %².
Out of 14 assets tracked against BSRR, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months BSRR outperformed by 82.3 percentage points (+32.6% for BSRR against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.9 times the volatility of the other side.
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.
BSRR vs VXX: side by side
| BSRR (Sierra Bancorp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.6% | -49.7% |
| 5-year return | +91.2% | -95.6% |
| Volatility (ann.) | 31.7% | 60.9% |
| Beta vs S&P 500 | 0.83 | -3.31 |
| Max drawdown (3Y) | -29.1% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 2.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSRR | VXX |
|---|---|---|
| 2022 | -18.6% | -23.8% |
| 2023 | +11.5% | -72.5% |
| 2024 | +33.3% | -26.2% |
| 2025 | +17.0% | -42.2% |
| 2026 | +24.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSRR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
FAQ
What is the correlation between BSRR and VXX?
As of 2026-08-27, the correlation of weekly returns between BSRR and VXX is -0.45 over 3 years, -0.26 over 1 year and -0.40 over 5 years.
Is VXX a good diversifier for BSRR?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
What does a correlation of -0.45 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/bsrr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsrr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSRR correlations · VXX correlations
