BUR vs VXX: Correlation
Measured on weekly returns over the past three years, Burford Capital Limited (BUR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and VXX?
Across a 3-year window, the weekly returns of BUR and VXX correlate at -0.43, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.47) sits close to the 3-year figure. Stretching to 5 years gives -0.40, with an annualized covariance of -1208.3 %².
Among the 15 assets we track against BUR, VXX sits near the bottom by co-movement, at rank #14. The last year tells two different stories: VXX led by 18.5 percentage points, -68.2% for BUR 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.
BUR vs VXX: side by side
| BUR (Burford Capital Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -68.2% | -49.7% |
| 5-year return | -62.0% | -95.6% |
| Volatility (ann.) | 46.5% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -75.5% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUR | VXX |
|---|---|---|
| 2022 | -21.6% | -23.8% |
| 2023 | +93.3% | -72.5% |
| 2024 | -17.5% | -26.2% |
| 2025 | -29.7% | -42.2% |
| 2026 | -50.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, BUR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BUR and VXX?
The BUR/VXX correlation stands at -0.43 on a 3-year window (1 year: -0.47, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BUR?
Yes. With a correlation of -0.43, BUR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bur-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bur-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BUR correlations · VXX correlations
