FITB vs VXZ: Correlation
Fifth Third Bancorp (FITB) 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 -0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and VXZ?
Across a 3-year window, the weekly returns of FITB and VXZ correlate at -0.60, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.51 lands near the 3-year figure. Stretching to 5 years gives -0.57, with an annualized covariance of -450.9 %².
Out of 45 assets tracked against FITB, VXZ lands near the bottom at #45. The last year tells two different stories: FITB led by 40.7 percentage points, +24.6% for FITB against -16.1% for VXZ.
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.
FITB vs VXZ: side by side
| FITB (Fifth Third Bancorp) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.6% | -16.1% |
| 5-year return | +71.2% | -53.1% |
| Volatility (ann.) | 29.4% | 25.6% |
| Beta vs S&P 500 | 1.03 | -1.31 |
| Max drawdown (3Y) | -29.9% | -36.4% |
| Market cap | $49.7B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.90% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | VXZ |
|---|---|---|
| 2022 | -21.9% | +0.5% |
| 2023 | +10.4% | -44.0% |
| 2024 | +27.2% | -12.7% |
| 2025 | +14.8% | +5.7% |
| 2026 | +19.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.60, FITB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FITB and VXZ?
As of 2026-08-27, the correlation of weekly returns between FITB and VXZ is -0.60 over 3 years, -0.51 over 1 year and -0.57 over 5 years.
Is VXZ a good diversifier for FITB?
Yes. With a correlation of -0.60, FITB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.60 mean?
A reading of -0.60 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/fitb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · VXZ correlations
