EQBK vs VXX: Correlation
Measured on weekly returns over the past three years, Equity Bancshares, Inc. (EQBK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and VXX?
Over the past 3 years, EQBK and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.47 over 3 years. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -817.1 %².
Among the 15 assets we track against EQBK, VXX sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with EQBK ahead by 73.4 points (+23.7% versus -49.7%). 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.
EQBK vs VXX: side by side
| EQBK (Equity Bancshares, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +23.7% | -49.7% |
| 5-year return | +67.0% | -95.6% |
| Volatility (ann.) | 28.8% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -28.3% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 31.5 | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | VXX |
|---|---|---|
| 2022 | -2.6% | -23.8% |
| 2023 | +5.5% | -72.5% |
| 2024 | +26.9% | -26.2% |
| 2025 | +6.9% | -42.2% |
| 2026 | +12.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQBK and VXX?
The EQBK/VXX correlation stands at -0.47 on a 3-year window (1 year: -0.12, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for EQBK?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
A reading of -0.47 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/eqbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQBK correlations · VXX correlations
