BWMX vs VXX: Correlation
How closely do Betterware de Mexico, S.A.P.I. de C.V. (BWMX) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMX and VXX?
Across a 3-year window, the weekly returns of BWMX and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.26). Stretching to 5 years gives -0.19, with an annualized covariance of -737.2 %².
VXX is close to the least connected end of BWMX's tracked universe, ranking #8 of 10. The last year tells two different stories: BWMX led by 75.3 percentage points, +25.6% for BWMX 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.
BWMX vs VXX: side by side
| BWMX (Betterware de Mexico, S.A.P.I. de C.V.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.6% | -49.7% |
| 5-year return | -40.9% | -95.6% |
| Volatility (ann.) | 45.7% | 60.9% |
| Beta vs S&P 500 | 0.88 | -3.31 |
| Max drawdown (3Y) | -57.5% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 66.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWMX | VXX |
|---|---|---|
| 2022 | -66.1% | -23.8% |
| 2023 | +133.9% | -72.5% |
| 2024 | -12.0% | -26.2% |
| 2025 | +37.3% | -42.2% |
| 2026 | +18.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BWMX and VXX?
As of 2026-08-27, the correlation of weekly returns between BWMX and VXX is -0.26 over 3 years, -0.07 over 1 year and -0.19 over 5 years.
Is VXX a good diversifier for BWMX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/bwmx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwmx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BWMX correlations · VXX correlations
