BURL vs VXX: Correlation
How closely do Burlington Stores, Inc. (BURL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BURL and VXX?
Over the past 3 years, BURL and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.27). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -635.9 %².
VXX is close to the least connected end of BURL's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months BURL outperformed by 53.2 percentage points (+3.5% for BURL against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.6 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.
BURL vs VXX: side by side
| BURL (Burlington Stores, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.5% | -49.7% |
| 5-year return | -3.9% | -95.6% |
| Volatility (ann.) | 38.7% | 60.9% |
| Beta vs S&P 500 | 0.87 | -3.31 |
| Max drawdown (3Y) | -28.4% | -83.3% |
| Market cap | $18.3B | – |
| P/E (trailing) | 32.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BURL | VXX |
|---|---|---|
| 2022 | -30.4% | -23.8% |
| 2023 | -4.1% | -72.5% |
| 2024 | +46.6% | -26.2% |
| 2025 | +1.3% | -42.2% |
| 2026 | +0.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BURL and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, BURL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BURL and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.07 over the last year and -0.24 over 5 years.
Is VXX a good diversifier for BURL?
Yes. With a correlation of -0.27, BURL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/burl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/burl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BURL correlations · VXX correlations
