BX vs VXX: Correlation
Blackstone Inc. (BX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and VXX?
Across a 3-year window, the weekly returns of BX and VXX correlate at -0.52, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.40 versus -0.52 over 3 years. Stretching to 5 years gives -0.46, with an annualized covariance of -1082.0 %².
VXX is close to the least connected end of BX's tracked universe, ranking #34 of 35. Correlation aside, the last 12 months split them widely, with BX ahead by 36.8 points (-12.9% 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.
BX vs VXX: side by side
| BX (Blackstone Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.9% | -49.7% |
| 5-year return | +37.5% | -95.6% |
| Volatility (ann.) | 34.0% | 60.9% |
| Beta vs S&P 500 | 1.36 | -3.31 |
| Max drawdown (3Y) | -46.5% | -83.3% |
| Market cap | $171.7B | – |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | VXX |
|---|---|---|
| 2022 | -40.0% | -23.8% |
| 2023 | +82.7% | -72.5% |
| 2024 | +35.1% | -26.2% |
| 2025 | -7.8% | -42.2% |
| 2026 | -3.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and VXX good diversifiers for each other?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BX and VXX?
The BX/VXX correlation stands at -0.52 on a 3-year window (1 year: -0.40, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BX?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.52 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/bx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BX correlations · VXX correlations
