AVBH vs VXZ: Correlation
How closely do Avidbank Holdings, Inc. (AVBH) 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 -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBH and VXZ?
Across a 3-year window, the weekly returns of AVBH and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.24 over 3 years. Stretching to 5 years gives -0.28, with an annualized covariance of -118.7 %².
Out of 10 assets tracked against AVBH, VXZ lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with AVBH ahead by 44.1 points (+28.0% 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.
AVBH vs VXZ: side by side
| AVBH (Avidbank Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +28.0% | -16.1% |
| 5-year return | +40.0% | -53.1% |
| Volatility (ann.) | 19.4% | 25.6% |
| Beta vs S&P 500 | 0.41 | -1.31 |
| Max drawdown (3Y) | -25.2% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBH | VXZ |
|---|---|---|
| 2022 | -17.5% | +0.5% |
| 2023 | +3.2% | -44.0% |
| 2024 | +2.0% | -12.7% |
| 2025 | +21.8% | +5.7% |
| 2026 | +20.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBH and VXZ good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVBH and VXZ?
The AVBH/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.44, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AVBH?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avbh-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVBH correlations · VXZ correlations
