EGBN vs VXZ: Correlation
Eagle Bancorp, Inc. (EGBN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGBN and VXZ?
On 3 years of weekly data the EGBN/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.30 over 3. The 5-year figure is -0.32, and annualized covariance runs at -336.1 %².
Out of 10 assets tracked against EGBN, VXZ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months EGBN outperformed by 58.6 percentage points (+42.5% for EGBN against -16.1% for VXZ). One caveat on sizing: EGBN is 1.7 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.
EGBN vs VXZ: side by side
| EGBN (Eagle Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +42.5% | -16.1% |
| 5-year return | -41.4% | -53.1% |
| Volatility (ann.) | 43.4% | 25.6% |
| Beta vs S&P 500 | 0.65 | -1.31 |
| Max drawdown (3Y) | -46.0% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.14% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGBN | VXZ |
|---|---|---|
| 2022 | -21.9% | +0.5% |
| 2023 | -27.0% | -44.0% |
| 2024 | -7.9% | -12.7% |
| 2025 | -15.6% | +5.7% |
| 2026 | +29.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGBN and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EGBN and VXZ?
As of 2026-08-27, the correlation of weekly returns between EGBN and VXZ is -0.30 over 3 years, -0.24 over 1 year and -0.32 over 5 years.
Is VXZ a good diversifier for EGBN?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/egbn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/egbn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EGBN correlations · VXZ correlations
