ECBK vs VXX: Correlation
How closely do ECB Bancorp, Inc. (ECBK) 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 -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECBK and VXX?
Over the past 3 years, ECBK and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -455.2 %².
Among the 11 assets we track against ECBK, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months ECBK outperformed by 70.6 percentage points (+20.9% for ECBK against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ECBK vs VXX: side by side
| ECBK (ECB Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.9% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 23.4% | 60.9% |
| Beta vs S&P 500 | 0.45 | -3.31 |
| Max drawdown (3Y) | -19.7% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECBK | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | -21.7% | -72.5% |
| 2024 | +18.2% | -26.2% |
| 2025 | +17.2% | -42.2% |
| 2026 | +19.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECBK and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, ECBK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ECBK and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.31 over the last year and -0.30 over 5 years.
Is VXX a good diversifier for ECBK?
Yes. With a correlation of -0.32, ECBK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECBK correlations · VXX correlations
