ACNB vs VXX: Correlation
Measured on weekly returns over the past three years, ACNB Corporation (ACNB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNB and VXX?
Across a 3-year window, the weekly returns of ACNB and VXX correlate at -0.40, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.40). Stretching to 5 years gives -0.31, with an annualized covariance of -820.3 %².
Out of 11 assets tracked against ACNB, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months ACNB outperformed by 95.5 percentage points (+45.8% for ACNB against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.8 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.
ACNB vs VXX: side by side
| ACNB (ACNB Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +45.8% | -49.7% |
| 5-year return | +163.7% | -95.6% |
| Volatility (ann.) | 33.7% | 60.9% |
| Beta vs S&P 500 | 0.81 | -3.31 |
| Max drawdown (3Y) | -34.6% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNB | VXX |
|---|---|---|
| 2022 | +31.2% | -23.8% |
| 2023 | +16.2% | -72.5% |
| 2024 | -8.0% | -26.2% |
| 2025 | +25.2% | -42.2% |
| 2026 | +36.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACNB and VXX?
The ACNB/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.27, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ACNB?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/acnb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acnb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACNB correlations · VXX correlations
