CBAN vs VXX: Correlation
Colony Bankcorp, Inc. (CBAN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and VXX?
Across a 3-year window, the weekly returns of CBAN and VXX correlate at -0.52, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.20) runs above the 3-year figure (-0.52). Stretching to 5 years gives -0.40, with an annualized covariance of -911.4 %².
Out of 16 assets tracked against CBAN, VXX lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months CBAN outperformed by 77.1 percentage points (+27.4% for CBAN against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.1 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.
CBAN vs VXX: side by side
| CBAN (Colony Bankcorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.4% | -49.7% |
| 5-year return | +36.8% | -95.6% |
| Volatility (ann.) | 28.8% | 60.9% |
| Beta vs S&P 500 | 0.83 | -3.31 |
| Max drawdown (3Y) | -20.9% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAN | VXX |
|---|---|---|
| 2022 | -23.5% | -23.8% |
| 2023 | +9.2% | -72.5% |
| 2024 | +25.7% | -26.2% |
| 2025 | +13.6% | -42.2% |
| 2026 | +21.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
FAQ
What is the correlation between CBAN and VXX?
Using weekly returns as of 2026-08-27: -0.52 over 3 years, with -0.20 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for CBAN?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/cban-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cban-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CBAN correlations · VXX correlations
