ISTR vs VXX: Correlation
Investar Holding Corporation (ISTR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ISTR and VXX?
Over the past 3 years, ISTR and VXX moved with a correlation of -0.43, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -843.5 %².
Out of 12 assets tracked against ISTR, VXX lands near the bottom at #11. The last year tells two different stories: ISTR led by 82.0 percentage points, +32.3% for ISTR against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.9 times the volatility of the other side.
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.
ISTR vs VXX: side by side
| ISTR (Investar Holding Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.3% | -49.7% |
| 5-year return | +50.1% | -95.6% |
| Volatility (ann.) | 32.1% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -35.3% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ISTR | VXX |
|---|---|---|
| 2022 | +19.0% | -23.8% |
| 2023 | -28.6% | -72.5% |
| 2024 | +50.7% | -26.2% |
| 2025 | +24.2% | -42.2% |
| 2026 | +14.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ISTR and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, ISTR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ISTR and VXX?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.34 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for ISTR?
Yes. With a correlation of -0.43, ISTR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 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/istr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/istr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ISTR correlations · VXX correlations
