ABCB vs VXZ: Correlation
How closely do Ameris Bancorp (ABCB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.56, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and VXZ?
Across a 3-year window, the weekly returns of ABCB and VXZ correlate at -0.56, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.40) runs above the 3-year figure (-0.56). Stretching to 5 years gives -0.50, with an annualized covariance of -426.9 %².
Among the 49 assets we track against ABCB, VXZ sits near the bottom by co-movement, at rank #49. Correlation aside, the last 12 months split them widely, with ABCB ahead by 33.0 points (+16.9% versus -16.1%).
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 VXZ: side by side
| ABCB (Ameris Bancorp) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.9% | -16.1% |
| 5-year return | +86.9% | -53.1% |
| Volatility (ann.) | 29.7% | 25.6% |
| Beta vs S&P 500 | 1.06 | -1.31 |
| Max drawdown (3Y) | -29.5% | -36.4% |
| Market cap | $5.7B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.93% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | VXZ |
|---|---|---|
| 2022 | -3.8% | +0.5% |
| 2023 | +14.3% | -44.0% |
| 2024 | +19.4% | -12.7% |
| 2025 | +20.1% | +5.7% |
| 2026 | +15.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABCB and VXZ?
The ABCB/VXZ correlation stands at -0.56 on a 3-year window (1 year: -0.40, 5 years: -0.50), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ABCB?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
What does a correlation of -0.56 mean?
A reading of -0.56 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABCB correlations · VXZ correlations
