FSUN vs VXX: Correlation
Measured on weekly returns over the past three years, FirstSun Capital Bancorp (FSUN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSUN and VXX?
Over the past 3 years, FSUN and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.27 over 3 years. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -443.4 %².
Among the 13 assets we track against FSUN, VXX sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months FSUN outperformed by 55.5 percentage points (+5.8% for FSUN against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.2 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.
FSUN vs VXX: side by side
| FSUN (FirstSun Capital Bancorp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.8% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 27.4% | 60.9% |
| Beta vs S&P 500 | 0.57 | -3.31 |
| Max drawdown (3Y) | -31.4% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 24.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSUN | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | -6.7% | -72.5% |
| 2024 | +17.8% | -26.2% |
| 2025 | -6.0% | -42.2% |
| 2026 | +6.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSUN and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, FSUN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FSUN and VXX?
The FSUN/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.15, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FSUN?
Yes. With a correlation of -0.27, FSUN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/fsun-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsun-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSUN correlations · VXX correlations
