BTDR vs VXX: Correlation
Measured on weekly returns over the past three years, Bitdeer Technologies Group (BTDR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTDR and VXX?
Over the past 3 years, BTDR and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -2124.3 %².
VXX is close to the least connected end of BTDR's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with BTDR ahead by 33.3 points (-16.4% versus -49.7%). Risk is not evenly split, since BTDR carries 1.8 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.
BTDR vs VXX: side by side
| BTDR (Bitdeer Technologies Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -16.4% | -49.7% |
| 5-year return | +14.6% | -95.6% |
| Volatility (ann.) | 110.8% | 60.9% |
| Beta vs S&P 500 | 2.58 | -3.31 |
| Max drawdown (3Y) | -79.1% | -83.3% |
| Market cap | $3.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTDR | VXX |
|---|---|---|
| 2022 | +4.6% | -23.8% |
| 2023 | -5.4% | -72.5% |
| 2024 | +119.8% | -26.2% |
| 2025 | -48.3% | -42.2% |
| 2026 | +1.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTDR and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTDR and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.25 over the last year and -0.22 over 5 years.
Is VXX a good diversifier for BTDR?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/btdr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btdr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTDR correlations · VXX correlations
