AVBH vs VXX: Correlation
How closely do Avidbank Holdings, Inc. (AVBH) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBH and VXX?
Over the past 3 years, AVBH and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.28 over 3. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -328.2 %².
Among the 10 assets we track against AVBH, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with AVBH ahead by 77.7 points (+28.0% versus -49.7%). Note the risk asymmetry: VXX runs 3.1 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.
AVBH vs VXX: side by side
| AVBH (Avidbank Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +28.0% | -49.7% |
| 5-year return | +40.0% | -95.6% |
| Volatility (ann.) | 19.4% | 60.9% |
| Beta vs S&P 500 | 0.41 | -3.31 |
| Max drawdown (3Y) | -25.2% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBH | VXX |
|---|---|---|
| 2022 | -17.5% | -23.8% |
| 2023 | +3.2% | -72.5% |
| 2024 | +2.0% | -26.2% |
| 2025 | +21.8% | -42.2% |
| 2026 | +20.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBH and VXX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVBH and VXX?
The AVBH/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.33, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AVBH?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/avbh-vs-vxx.json
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[](https://www.pairbook.io/pair/avbh-vs-vxx/)
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Related comparisons
Hubs: AVBH correlations · VXX correlations
