BZ vs VXX: Correlation
How closely do KANZHUN LIMITED - American Depository Shares (BZ) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and VXX?
Over the past 3 years, BZ and VXX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -1014.4 %².
Among the 17 assets we track against BZ, VXX sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with BZ ahead by 29.0 points (-20.7% 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.
BZ vs VXX: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -20.7% | -49.7% |
| 5-year return | -47.9% | -95.6% |
| Volatility (ann.) | 49.3% | 60.9% |
| Beta vs S&P 500 | 1.20 | -3.31 |
| Max drawdown (3Y) | -51.6% | -83.3% |
| Market cap | $8.0B | – |
| P/E (trailing) | 12.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BZ | VXX |
|---|---|---|
| 2022 | -41.6% | -23.8% |
| 2023 | -17.5% | -72.5% |
| 2024 | -16.9% | -26.2% |
| 2025 | +48.7% | -42.2% |
| 2026 | -11.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and VXX good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BZ and VXX?
The BZ/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.36, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for BZ?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/bz-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bz-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BZ correlations · VXX correlations
