LKFN vs VXX: Correlation
Lakeland Financial Corporation (LKFN) 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 -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKFN and VXX?
Across a 3-year window, the weekly returns of LKFN and VXX correlate at -0.44, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.44 over 3 years. Stretching to 5 years gives -0.37, with an annualized covariance of -808.7 %².
Out of 15 assets tracked against LKFN, VXX lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with LKFN ahead by 39.3 points (-10.4% versus -49.7%). Risk is not evenly split, since VXX carries 2.0 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.
LKFN vs VXX: side by side
| LKFN (Lakeland Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -10.4% | -49.7% |
| 5-year return | +4.7% | -95.6% |
| Volatility (ann.) | 29.9% | 60.9% |
| Beta vs S&P 500 | 0.75 | -3.31 |
| Max drawdown (3Y) | -31.7% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 3.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LKFN | VXX |
|---|---|---|
| 2022 | -7.0% | -23.8% |
| 2023 | -7.8% | -72.5% |
| 2024 | +8.7% | -26.2% |
| 2025 | -14.3% | -42.2% |
| 2026 | +6.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKFN and VXX good diversifiers for each other?
Yes. With a correlation of -0.44, LKFN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LKFN and VXX?
The LKFN/VXX correlation stands at -0.44 on a 3-year window (1 year: -0.19, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LKFN?
Yes. With a correlation of -0.44, LKFN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/lkfn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lkfn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LKFN correlations · VXX correlations
