BYFC vs VXX: Correlation
Measured on weekly returns over the past three years, Broadway Financial Corporation (BYFC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYFC and VXX?
Across a 3-year window, the weekly returns of BYFC and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.28 over 3 years. Stretching to 5 years gives -0.27, with an annualized covariance of -796.8 %².
VXX is close to the least connected end of BYFC's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with BYFC ahead by 104.5 points (+54.8% versus -49.7%).
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.
BYFC vs VXX: side by side
| BYFC (Broadway Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +54.8% | -49.7% |
| 5-year return | -59.2% | -95.6% |
| Volatility (ann.) | 47.2% | 60.9% |
| Beta vs S&P 500 | 0.86 | -3.31 |
| Max drawdown (3Y) | -43.5% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYFC | VXX |
|---|---|---|
| 2022 | -56.3% | -23.8% |
| 2023 | -16.0% | -72.5% |
| 2024 | +0.9% | -26.2% |
| 2025 | +8.0% | -42.2% |
| 2026 | +62.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYFC and VXX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BYFC and VXX?
The BYFC/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.14, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BYFC?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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/byfc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/byfc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BYFC correlations · VXX correlations
