TBBB vs VXZ: Correlation
Measured on weekly returns over the past three years, BBB Foods Inc. Class A (TBBB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TBBB and VXZ?
Over the past 3 years, TBBB and VXZ moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -331.9 %².
Out of 16 assets tracked against TBBB, VXZ lands near the bottom at #16. The last year tells two different stories: TBBB led by 102.0 percentage points, +85.9% for TBBB against -16.1% for VXZ. Risk is not evenly split, since TBBB carries 1.6 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.
TBBB vs VXZ: side by side
| TBBB (BBB Foods Inc. Class A) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +85.9% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 41.8% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -29.6% | -36.4% |
| Market cap | $5.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TBBB | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | +18.1% | +5.7% |
| 2026 | +45.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TBBB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, TBBB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TBBB and VXZ?
The TBBB/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for TBBB?
Yes. With a correlation of -0.31, TBBB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/tbbb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tbbb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TBBB correlations · VXZ correlations
