BFST vs VXZ: Correlation
How closely do Business First Bancshares, Inc. (BFST) 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 -0.49, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and VXZ?
On 3 years of weekly data the BFST/VXZ correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.35 versus -0.49 over 3 years. The 5-year figure is -0.44, and annualized covariance runs at -371.4 %².
Among the 19 assets we track against BFST, VXZ sits near the bottom by co-movement, at rank #19. The last year tells two different stories: BFST led by 41.7 percentage points, +25.6% for BFST against -16.1% for VXZ.
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.
BFST vs VXZ: side by side
| BFST (Business First Bancshares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.6% | -16.1% |
| 5-year return | +47.5% | -53.1% |
| Volatility (ann.) | 29.7% | 25.6% |
| Beta vs S&P 500 | 0.82 | -1.31 |
| Max drawdown (3Y) | -27.3% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 1.93% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | VXZ |
|---|---|---|
| 2022 | -20.2% | +0.5% |
| 2023 | +14.4% | -44.0% |
| 2024 | +6.9% | -12.7% |
| 2025 | +4.0% | +5.7% |
| 2026 | +21.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and VXZ good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BFST and VXZ?
The BFST/VXZ correlation stands at -0.49 on a 3-year window (1 year: -0.35, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BFST?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bfst-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bfst-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BFST correlations · VXZ correlations
