FVCB vs VXZ: Correlation
How closely do FVCBankcorp, Inc. (FVCB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) 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 VXZ?
Across a 3-year window, the weekly returns of FVCB and VXZ correlate at -0.41, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Stretching to 5 years gives -0.34, with an annualized covariance of -371.0 %².
Out of 14 assets tracked against FVCB, VXZ lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with FVCB ahead by 52.7 points (+36.6% versus -16.1%).
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 VXZ: side by side
| FVCB (FVCBankcorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.6% | -16.1% |
| 5-year return | +19.5% | -53.1% |
| Volatility (ann.) | 35.2% | 25.6% |
| Beta vs S&P 500 | 0.80 | -1.31 |
| Max drawdown (3Y) | -34.3% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.43% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FVCB | VXZ |
|---|---|---|
| 2022 | -3.1% | +0.5% |
| 2023 | -6.9% | -44.0% |
| 2024 | -11.5% | -12.7% |
| 2025 | +11.7% | +5.7% |
| 2026 | +33.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FVCB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.41, FVCB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FVCB and VXZ?
The FVCB/VXZ correlation stands at -0.41 on a 3-year window (1 year: -0.37, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for FVCB?
Yes. With a correlation of -0.41, FVCB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
A reading of -0.41 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/fvcb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fvcb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FVCB correlations · VXZ correlations
