BANC vs VXX: Correlation
How closely do Banc of California, Inc. (BANC) 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 -0.53, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANC and VXX?
On 3 years of weekly data the BANC/VXX correlation comes out at -0.53, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.36 versus -0.53 over 3 years. The 5-year figure is -0.51, and annualized covariance runs at -1067.4 %².
VXX is close to the least connected end of BANC's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months BANC outperformed by 64.4 percentage points (+14.7% for BANC 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.
BANC vs VXX: side by side
| BANC (Banc of California, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.7% | -49.7% |
| 5-year return | +18.5% | -95.6% |
| Volatility (ann.) | 33.4% | 60.9% |
| Beta vs S&P 500 | 1.08 | -3.31 |
| Max drawdown (3Y) | -31.2% | -83.3% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANC | VXX |
|---|---|---|
| 2022 | -17.7% | -23.8% |
| 2023 | -13.0% | -72.5% |
| 2024 | +18.3% | -26.2% |
| 2025 | +28.0% | -42.2% |
| 2026 | -1.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANC and VXX good diversifiers for each other?
Yes. With a correlation of -0.53, BANC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BANC and VXX?
As of 2026-08-27, the correlation of weekly returns between BANC and VXX is -0.53 over 3 years, -0.36 over 1 year and -0.51 over 5 years.
Is VXX a good diversifier for BANC?
Yes. With a correlation of -0.53, BANC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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/banc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BANC correlations · VXX correlations
