FULT vs VXX: Correlation
How closely do Fulton Financial Corporation (FULT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.56, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and VXX?
On 3 years of weekly data the FULT/VXX correlation comes out at -0.56, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.32) than the 3-year average (-0.56). The 5-year figure is -0.48, and annualized covariance runs at -1044.3 %².
Out of 45 assets tracked against FULT, VXX lands near the bottom at #44. Their recent paths diverged sharply: over the last 12 months FULT outperformed by 73.8 percentage points (+24.1% for FULT against -49.7% for VXX). One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FULT vs VXX: side by side
| FULT (Fulton Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.1% | -49.7% |
| 5-year return | +85.0% | -95.6% |
| Volatility (ann.) | 30.3% | 60.9% |
| Beta vs S&P 500 | 1.03 | -3.31 |
| Max drawdown (3Y) | -29.9% | -83.3% |
| Market cap | $4.5B | – |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 3.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | VXX |
|---|---|---|
| 2022 | +3.1% | -23.8% |
| 2023 | +2.5% | -72.5% |
| 2024 | +21.9% | -26.2% |
| 2025 | +4.3% | -42.2% |
| 2026 | +25.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and VXX good diversifiers for each other?
Yes: at -0.56, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FULT and VXX?
The FULT/VXX correlation stands at -0.56 on a 3-year window (1 year: -0.32, 5 years: -0.48), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FULT?
Yes: at -0.56, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.56 mean?
A reading of -0.56 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/fult-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fult-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FULT correlations · VXX correlations
