BSVN vs VXZ: Correlation
Measured on weekly returns over the past three years, Bank7 Corp. (BSVN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSVN and VXZ?
Over the past 3 years, BSVN and VXZ moved with a correlation of -0.45, which is 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 -0.45 over 3 years. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -352.6 %².
VXZ is close to the least connected end of BSVN's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months BSVN outperformed by 23.7 percentage points (+7.6% for BSVN 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.
BSVN vs VXZ: side by side
| BSVN (Bank7 Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.6% | -16.1% |
| 5-year return | +168.5% | -53.1% |
| Volatility (ann.) | 30.4% | 25.6% |
| Beta vs S&P 500 | 0.79 | -1.31 |
| Max drawdown (3Y) | -27.7% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 2.09% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSVN | VXZ |
|---|---|---|
| 2022 | +13.7% | +0.5% |
| 2023 | +10.0% | -44.0% |
| 2024 | +75.3% | -12.7% |
| 2025 | -10.0% | +5.7% |
| 2026 | +29.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSVN and VXZ good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BSVN and VXZ?
The BSVN/VXZ correlation stands at -0.45 on a 3-year window (1 year: -0.35, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BSVN?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 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/bsvn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsvn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSVN correlations · VXZ correlations
