BWXT vs VXX: Correlation
Measured on weekly returns over the past three years, BWX Technologies, Inc. (BWXT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWXT and VXX?
Over the past 3 years, BWXT and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -620.2 %².
Among the 10 assets we track against BWXT, VXX sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with BWXT ahead by 44.4 points (-5.3% versus -49.7%). Risk is not evenly split, since VXX 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.
BWXT vs VXX: side by side
| BWXT (BWX Technologies, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.3% | -49.7% |
| 5-year return | +188.9% | -95.6% |
| Volatility (ann.) | 33.5% | 60.9% |
| Beta vs S&P 500 | 1.01 | -3.31 |
| Max drawdown (3Y) | -37.1% | -83.3% |
| Market cap | $14.3B | – |
| P/E (trailing) | 39.7 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWXT | VXX |
|---|---|---|
| 2022 | +23.3% | -23.8% |
| 2023 | +33.9% | -72.5% |
| 2024 | +46.5% | -26.2% |
| 2025 | +56.4% | -42.2% |
| 2026 | -9.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWXT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between BWXT and VXX?
As of 2026-08-27, the correlation of weekly returns between BWXT and VXX is -0.30 over 3 years, -0.30 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for BWXT?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 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/bwxt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwxt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BWXT correlations · VXX correlations
