FULT vs VXZ: Correlation
Fulton Financial Corporation (FULT) 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 -0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and VXZ?
On 3 years of weekly data the FULT/VXZ correlation comes out at -0.58, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.44) runs above the 3-year figure (-0.58). The 5-year figure is -0.51, and annualized covariance runs at -453.3 %².
VXZ is close to the least connected end of FULT's tracked universe, ranking #45 of 45. The last year tells two different stories: FULT led by 40.2 percentage points, +24.1% for FULT 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.
FULT vs VXZ: side by side
| FULT (Fulton Financial Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.1% | -16.1% |
| 5-year return | +85.0% | -53.1% |
| Volatility (ann.) | 30.3% | 25.6% |
| Beta vs S&P 500 | 1.03 | -1.31 |
| Max drawdown (3Y) | -29.9% | -36.4% |
| Market cap | $4.5B | – |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 3.15% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | VXZ |
|---|---|---|
| 2022 | +3.1% | +0.5% |
| 2023 | +2.5% | -44.0% |
| 2024 | +21.9% | -12.7% |
| 2025 | +4.3% | +5.7% |
| 2026 | +25.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and VXZ good diversifiers for each other?
Yes: at -0.58, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FULT and VXZ?
As of 2026-08-27, the correlation of weekly returns between FULT and VXZ is -0.58 over 3 years, -0.44 over 1 year and -0.51 over 5 years.
Is VXZ a good diversifier for FULT?
Yes: at -0.58, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.58 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/fult-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fult-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FULT correlations · VXZ correlations
