FIBK vs VXX: Correlation
Measured on weekly returns over the past three years, First Interstate BancSystem, Inc. (FIBK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.57, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIBK and VXX?
On 3 years of weekly data the FIBK/VXX correlation comes out at -0.57, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.31) runs above the 3-year figure (-0.57). The 5-year figure is -0.46, and annualized covariance runs at -1045.2 %².
Among the 20 assets we track against FIBK, VXX sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with FIBK ahead by 71.6 points (+21.9% versus -49.7%). 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.
FIBK vs VXX: side by side
| FIBK (First Interstate BancSystem, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.9% | -49.7% |
| 5-year return | +13.8% | -95.6% |
| Volatility (ann.) | 30.3% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -31.8% | -83.3% |
| Market cap | $3.6B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 5.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIBK | VXX |
|---|---|---|
| 2022 | -0.8% | -23.8% |
| 2023 | -14.8% | -72.5% |
| 2024 | +12.9% | -26.2% |
| 2025 | +13.5% | -42.2% |
| 2026 | +11.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIBK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIBK and VXX?
The FIBK/VXX correlation stands at -0.57 on a 3-year window (1 year: -0.31, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FIBK?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
What does a correlation of -0.57 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/fibk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fibk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIBK correlations · VXX correlations
