BVFL vs VXX: Correlation
How closely do BV Financial, Inc. (BVFL) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVFL and VXX?
Across a 3-year window, the weekly returns of BVFL and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.29). Stretching to 5 years gives -0.19, with an annualized covariance of -423.7 %².
Out of 11 assets tracked against BVFL, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months BVFL outperformed by 77.2 percentage points (+27.5% for BVFL against -49.7% for VXX). One caveat on sizing: VXX is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BVFL vs VXX: side by side
| BVFL (BV Financial, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.5% | -49.7% |
| 5-year return | +55.7% | -95.6% |
| Volatility (ann.) | 23.9% | 60.9% |
| Beta vs S&P 500 | 0.49 | -3.31 |
| Max drawdown (3Y) | -30.9% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVFL | VXX |
|---|---|---|
| 2022 | +24.4% | -23.8% |
| 2023 | -13.2% | -72.5% |
| 2024 | +21.4% | -26.2% |
| 2025 | +5.3% | -42.2% |
| 2026 | +17.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVFL and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BVFL and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.15 over the last year and -0.19 over 5 years.
Is VXX a good diversifier for BVFL?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/bvfl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bvfl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BVFL correlations · VXX correlations
