LCNB vs VXZ: Correlation
Measured on weekly returns over the past three years, LCNB Corporation (LCNB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCNB and VXZ?
On 3 years of weekly data the LCNB/VXZ correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.29) runs above the 3-year figure (-0.39). The 5-year figure is -0.31, and annualized covariance runs at -296.4 %².
VXZ is close to the least connected end of LCNB's tracked universe, ranking #14 of 14. Correlation aside, the last 12 months split them widely, with LCNB ahead by 43.5 points (+27.4% 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.
LCNB vs VXZ: side by side
| LCNB (LCNB Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.4% | -16.1% |
| 5-year return | +43.8% | -53.1% |
| Volatility (ann.) | 29.6% | 25.6% |
| Beta vs S&P 500 | 0.49 | -1.31 |
| Max drawdown (3Y) | -23.8% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 4.59% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCNB | VXZ |
|---|---|---|
| 2022 | -3.4% | +0.5% |
| 2023 | -7.5% | -44.0% |
| 2024 | +1.7% | -12.7% |
| 2025 | +14.7% | +5.7% |
| 2026 | +21.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCNB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between LCNB and VXZ?
As of 2026-08-27, the correlation of weekly returns between LCNB and VXZ is -0.39 over 3 years, -0.29 over 1 year and -0.31 over 5 years.
Is VXZ a good diversifier for LCNB?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lcnb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LCNB correlations · VXZ correlations
