GSBC vs VXZ: Correlation
Measured on weekly returns over the past three years, Great Southern Bancorp, Inc. (GSBC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.48, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSBC and VXZ?
On 3 years of weekly data the GSBC/VXZ correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.36 versus -0.48 over 3 years. The 5-year figure is -0.44, and annualized covariance runs at -307.2 %².
Among the 26 assets we track against GSBC, VXZ sits near the bottom by co-movement, at rank #26. Correlation aside, the last 12 months split them widely, with GSBC ahead by 42.8 points (+26.7% 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.
GSBC vs VXZ: side by side
| GSBC (Great Southern Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.7% | -16.1% |
| 5-year return | +68.1% | -53.1% |
| Volatility (ann.) | 24.8% | 25.6% |
| Beta vs S&P 500 | 0.62 | -1.31 |
| Max drawdown (3Y) | -23.4% | -36.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 2.19% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBC | VXZ |
|---|---|---|
| 2022 | +3.1% | +0.5% |
| 2023 | +2.8% | -44.0% |
| 2024 | +3.5% | -12.7% |
| 2025 | +6.0% | +5.7% |
| 2026 | +29.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.48 means the two rarely move for the same reasons.
FAQ
What is the correlation between GSBC and VXZ?
Using weekly returns as of 2026-08-27: -0.48 over 3 years, with -0.36 over the last year and -0.44 over 5 years.
Is VXZ a good diversifier for GSBC?
By historical standards, yes. A correlation of -0.48 means the two rarely move for the same reasons.
What does a correlation of -0.48 mean?
A reading of -0.48 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/gsbc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gsbc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GSBC correlations · VXZ correlations
