FVCB vs VXX: Correlation
How closely do FVCBankcorp, Inc. (FVCB) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FVCB and VXX?
Over the past 3 years, FVCB and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.29) runs above the 3-year figure (-0.41). Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -879.0 %².
VXX is close to the least connected end of FVCB's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months FVCB outperformed by 86.3 percentage points (+36.6% for FVCB against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FVCB vs VXX: side by side
| FVCB (FVCBankcorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.6% | -49.7% |
| 5-year return | +19.5% | -95.6% |
| Volatility (ann.) | 35.2% | 60.9% |
| Beta vs S&P 500 | 0.80 | -3.31 |
| Max drawdown (3Y) | -34.3% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.43% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FVCB | VXX |
|---|---|---|
| 2022 | -3.1% | -23.8% |
| 2023 | -6.9% | -72.5% |
| 2024 | -11.5% | -26.2% |
| 2025 | +11.7% | -42.2% |
| 2026 | +33.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FVCB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between FVCB and VXX?
As of 2026-08-27, the correlation of weekly returns between FVCB and VXX is -0.41 over 3 years, -0.29 over 1 year and -0.33 over 5 years.
Is VXX a good diversifier for FVCB?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fvcb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fvcb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FVCB correlations · VXX correlations
