BSVN vs VXX: Correlation
Measured on weekly returns over the past three years, Bank7 Corp. (BSVN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSVN and VXX?
Across a 3-year window, the weekly returns of BSVN and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.41). Stretching to 5 years gives -0.32, with an annualized covariance of -760.7 %².
Out of 10 assets tracked against BSVN, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months BSVN outperformed by 57.3 percentage points (+7.6% for BSVN against -49.7% for VXX). One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BSVN vs VXX: side by side
| BSVN (Bank7 Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.6% | -49.7% |
| 5-year return | +168.5% | -95.6% |
| Volatility (ann.) | 30.4% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -27.7% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSVN | VXX |
|---|---|---|
| 2022 | +13.7% | -23.8% |
| 2023 | +10.0% | -72.5% |
| 2024 | +75.3% | -26.2% |
| 2025 | -10.0% | -42.2% |
| 2026 | +29.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSVN and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, BSVN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BSVN and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.14 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for BSVN?
Yes. With a correlation of -0.41, BSVN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 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/bsvn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsvn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSVN correlations · VXX correlations
