JMSB vs VXX: Correlation
Measured on weekly returns over the past three years, John Marshall Bancorp, Inc. (JMSB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JMSB and VXX?
On 3 years of weekly data the JMSB/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.37). The 5-year figure is -0.23, and annualized covariance runs at -720.0 %².
Among the 10 assets we track against JMSB, VXX sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with JMSB ahead by 63.5 points (+13.8% versus -49.7%). Note the risk asymmetry: VXX runs 1.9 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.
JMSB vs VXX: side by side
| JMSB (John Marshall Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.8% | -49.7% |
| 5-year return | +32.1% | -95.6% |
| Volatility (ann.) | 31.7% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -45.4% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JMSB | VXX |
|---|---|---|
| 2022 | +45.8% | -23.8% |
| 2023 | -20.8% | -72.5% |
| 2024 | -9.7% | -26.2% |
| 2025 | +1.2% | -42.2% |
| 2026 | +14.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JMSB and VXX good diversifiers for each other?
Yes. With a correlation of -0.37, JMSB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JMSB and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.09 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for JMSB?
Yes. With a correlation of -0.37, JMSB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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/jmsb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jmsb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JMSB correlations · VXX correlations
