ABCB vs VXX: Correlation
How closely do Ameris Bancorp (ABCB) 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 -0.51, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and VXX?
Over the past 3 years, ABCB and VXX moved with a correlation of -0.51, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.51 over 3 years. Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -930.6 %².
VXX is close to the least connected end of ABCB's tracked universe, ranking #48 of 49. Correlation aside, the last 12 months split them widely, with ABCB ahead by 66.6 points (+16.9% versus -49.7%). Note the risk asymmetry: VXX runs 2.1 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.
ABCB vs VXX: side by side
| ABCB (Ameris Bancorp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.9% | -49.7% |
| 5-year return | +86.9% | -95.6% |
| Volatility (ann.) | 29.7% | 60.9% |
| Beta vs S&P 500 | 1.06 | -3.31 |
| Max drawdown (3Y) | -29.5% | -83.3% |
| Market cap | $5.7B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | VXX |
|---|---|---|
| 2022 | -3.8% | -23.8% |
| 2023 | +14.3% | -72.5% |
| 2024 | +19.4% | -26.2% |
| 2025 | +20.1% | -42.2% |
| 2026 | +15.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and VXX good diversifiers for each other?
Yes. With a correlation of -0.51, ABCB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABCB and VXX?
The ABCB/VXX correlation stands at -0.51 on a 3-year window (1 year: -0.26, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ABCB?
Yes. With a correlation of -0.51, ABCB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 mean?
A reading of -0.51 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/abcb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABCB correlations · VXX correlations
