AUB vs VXZ: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) 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 -0.59, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and VXZ?
Across a 3-year window, the weekly returns of AUB and VXZ correlate at -0.59, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.48) runs above the 3-year figure (-0.59). Stretching to 5 years gives -0.52, with an annualized covariance of -473.6 %².
Among the 50 assets we track against AUB, VXZ sits near the bottom by co-movement, at rank #50. Correlation aside, the last 12 months split them widely, with AUB ahead by 35.1 points (+19.0% 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.
AUB vs VXZ: side by side
| AUB (Atlantic Union Bankshares Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.0% | -16.1% |
| 5-year return | +33.7% | -53.1% |
| Volatility (ann.) | 31.5% | 25.6% |
| Beta vs S&P 500 | 1.07 | -1.31 |
| Max drawdown (3Y) | -44.7% | -36.4% |
| Market cap | $5.8B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 3.56% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | VXZ |
|---|---|---|
| 2022 | -2.6% | +0.5% |
| 2023 | +8.1% | -44.0% |
| 2024 | +7.5% | -12.7% |
| 2025 | -2.7% | +5.7% |
| 2026 | +18.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUB and VXZ?
As of 2026-08-27, the correlation of weekly returns between AUB and VXZ is -0.59 over 3 years, -0.48 over 1 year and -0.52 over 5 years.
Is VXZ a good diversifier for AUB?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
What does a correlation of -0.59 mean?
A reading of -0.59 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/aub-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUB correlations · VXZ correlations
