LCNB vs VXX: Correlation
Measured on weekly returns over the past three years, LCNB Corporation (LCNB) 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 LCNB and VXX?
Across a 3-year window, the weekly returns of LCNB and VXX correlate at -0.37, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.37). Stretching to 5 years gives -0.28, with an annualized covariance of -663.3 %².
Out of 14 assets tracked against LCNB, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months LCNB outperformed by 77.1 percentage points (+27.4% for LCNB against -49.7% for VXX). One caveat on sizing: VXX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LCNB vs VXX: side by side
| LCNB (LCNB Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.4% | -49.7% |
| 5-year return | +43.8% | -95.6% |
| Volatility (ann.) | 29.6% | 60.9% |
| Beta vs S&P 500 | 0.49 | -3.31 |
| Max drawdown (3Y) | -23.8% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 4.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCNB | VXX |
|---|---|---|
| 2022 | -3.4% | -23.8% |
| 2023 | -7.5% | -72.5% |
| 2024 | +1.7% | -26.2% |
| 2025 | +14.7% | -42.2% |
| 2026 | +21.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCNB and VXX good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LCNB and VXX?
The LCNB/VXX correlation stands at -0.37 on a 3-year window (1 year: -0.15, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LCNB?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
A reading of -0.37 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/lcnb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lcnb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LCNB correlations · VXX correlations
