FBRT vs VXX: Correlation
Franklin BSP Realty Trust, Inc. (FBRT) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBRT and VXX?
On 3 years of weekly data the FBRT/VXX correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.33 versus -0.47 over 3 years. The 5-year figure is -0.44, and annualized covariance runs at -640.0 %².
VXX is close to the least connected end of FBRT's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months FBRT outperformed by 32.6 percentage points (-17.1% for FBRT against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.7 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.
FBRT vs VXX: side by side
| FBRT (Franklin BSP Realty Trust, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.1% | -49.7% |
| 5-year return | -17.6% | -95.6% |
| Volatility (ann.) | 22.5% | 60.9% |
| Beta vs S&P 500 | 0.59 | -3.31 |
| Max drawdown (3Y) | -33.7% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 13.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBRT | VXX |
|---|---|---|
| 2022 | -3.9% | -23.8% |
| 2023 | +16.6% | -72.5% |
| 2024 | +3.7% | -26.2% |
| 2025 | -9.2% | -42.2% |
| 2026 | -12.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBRT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between FBRT and VXX?
The FBRT/VXX correlation stands at -0.47 on a 3-year window (1 year: -0.33, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FBRT?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
A reading of -0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fbrt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbrt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FBRT correlations · VXX correlations
