BZFD vs VXX: Correlation
How closely do BuzzFeed, Inc. (BZFD) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZFD and VXX?
On 3 years of weekly data the BZFD/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.31 over 3. The 5-year figure is -0.16, and annualized covariance runs at -1837.0 %².
Among the 11 assets we track against BZFD, VXX sits near the bottom by co-movement, at rank #11. Over the last 12 months BZFD came out ahead by 5.5 percentage points (-44.2% against -49.7%). Note the risk asymmetry: BZFD runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BZFD vs VXX: side by side
| BZFD (BuzzFeed, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -44.2% | -49.7% |
| 5-year return | -97.2% | -95.6% |
| Volatility (ann.) | 98.8% | 60.9% |
| Beta vs S&P 500 | 2.00 | -3.31 |
| Max drawdown (3Y) | -89.4% | -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 | BZFD | VXX |
|---|---|---|
| 2022 | -87.1% | -23.8% |
| 2023 | -63.8% | -72.5% |
| 2024 | +167.0% | -26.2% |
| 2025 | -65.2% | -42.2% |
| 2026 | +19.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZFD and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BZFD and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.21 over the last year and -0.16 over 5 years.
Is VXX a good diversifier for BZFD?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/bzfd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bzfd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BZFD correlations · VXX correlations
