FBK vs VXX: Correlation
FB Financial Corporation (FBK) 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 -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBK and VXX?
On 3 years of weekly data the FBK/VXX correlation comes out at -0.51, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.32) runs above the 3-year figure (-0.51). The 5-year figure is -0.46, and annualized covariance runs at -948.0 %².
Out of 10 assets tracked against FBK, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months FBK outperformed by 58.6 percentage points (+8.9% for FBK against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.0 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.
FBK vs VXX: side by side
| FBK (FB Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.9% | -49.7% |
| 5-year return | +53.1% | -95.6% |
| Volatility (ann.) | 30.3% | 60.9% |
| Beta vs S&P 500 | 0.94 | -3.31 |
| Max drawdown (3Y) | -30.6% | -83.3% |
| Market cap | $2.9B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBK | VXX |
|---|---|---|
| 2022 | -16.5% | -23.8% |
| 2023 | +12.3% | -72.5% |
| 2024 | +31.4% | -26.2% |
| 2025 | +10.0% | -42.2% |
| 2026 | +4.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
FAQ
What is the correlation between FBK and VXX?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.32 over the last year and -0.46 over 5 years.
Is VXX a good diversifier for FBK?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
What does a correlation of -0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FBK correlations · VXX correlations
