BX vs VXZ: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.55, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and VXZ?
Over the past 3 years, BX and VXZ moved with a correlation of -0.55, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.39 versus -0.55 over 3 years. Over 5 years the correlation is -0.52, and the annualized covariance of weekly returns is -476.9 %².
VXZ is close to the least connected end of BX's tracked universe, ranking #35 of 35. Their 12-month results are close: -12.9% for BX against -16.1% for VXZ.
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 VXZ: side by side
| BX (Blackstone Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.9% | -16.1% |
| 5-year return | +37.5% | -53.1% |
| Volatility (ann.) | 34.0% | 25.6% |
| Beta vs S&P 500 | 1.36 | -1.31 |
| Max drawdown (3Y) | -46.5% | -36.4% |
| Market cap | $171.7B | – |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | VXZ |
|---|---|---|
| 2022 | -40.0% | +0.5% |
| 2023 | +82.7% | -44.0% |
| 2024 | +35.1% | -12.7% |
| 2025 | -7.8% | +5.7% |
| 2026 | -3.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.55 means the two rarely move for the same reasons.
FAQ
What is the correlation between BX and VXZ?
The BX/VXZ correlation stands at -0.55 on a 3-year window (1 year: -0.39, 5 years: -0.52), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BX?
By historical standards, yes. A correlation of -0.55 means the two rarely move for the same reasons.
What does a correlation of -0.55 mean?
On the −1 to +1 scale, -0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BX correlations · VXZ correlations
