HOMB vs VXZ: Correlation
Measured on weekly returns over the past three years, Home BancShares, Inc. (HOMB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOMB and VXZ?
Across a 3-year window, the weekly returns of HOMB and VXZ correlate at -0.46, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.22) runs above the 3-year figure (-0.46). Stretching to 5 years gives -0.45, with an annualized covariance of -291.4 %².
Among the 18 assets we track against HOMB, VXZ sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months HOMB outperformed by 17.9 percentage points (+1.8% for HOMB 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.
HOMB vs VXZ: side by side
| HOMB (Home BancShares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.8% | -16.1% |
| 5-year return | +56.7% | -53.1% |
| Volatility (ann.) | 24.7% | 25.6% |
| Beta vs S&P 500 | 0.65 | -1.31 |
| Max drawdown (3Y) | -21.4% | -36.4% |
| Market cap | $5.9B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 2.78% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOMB | VXZ |
|---|---|---|
| 2022 | -3.7% | +0.5% |
| 2023 | +14.8% | -44.0% |
| 2024 | +15.0% | -12.7% |
| 2025 | +0.9% | +5.7% |
| 2026 | +9.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOMB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between HOMB and VXZ?
The HOMB/VXZ correlation stands at -0.46 on a 3-year window (1 year: -0.22, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for HOMB?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 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/homb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/homb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOMB correlations · VXZ correlations
