LSBK vs VXX: Correlation
How closely do Lake Shore Bancorp, Inc. (LSBK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSBK and VXX?
On 3 years of weekly data the LSBK/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.28 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -382.2 %².
Out of 11 assets tracked against LSBK, VXX lands near the bottom at #9. The last year tells two different stories: LSBK led by 83.0 percentage points, +33.3% for LSBK against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.7 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.
LSBK vs VXX: side by side
| LSBK (Lake Shore Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.3% | -49.7% |
| 5-year return | +80.0% | -95.6% |
| Volatility (ann.) | 22.5% | 60.9% |
| Beta vs S&P 500 | 0.37 | -3.31 |
| Max drawdown (3Y) | -15.8% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSBK | VXX |
|---|---|---|
| 2022 | -15.0% | -23.8% |
| 2023 | -3.0% | -72.5% |
| 2024 | +22.4% | -26.2% |
| 2025 | +48.2% | -42.2% |
| 2026 | +19.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSBK and VXX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LSBK and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.17 over the last year and -0.21 over 5 years.
Is VXX a good diversifier for LSBK?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/lsbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lsbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LSBK correlations · VXX correlations
