LSBK vs VXZ: Correlation
Measured on weekly returns over the past three years, Lake Shore Bancorp, Inc. (LSBK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSBK and VXZ?
Across a 3-year window, the weekly returns of LSBK and VXZ correlate at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.28 over 3. Stretching to 5 years gives -0.22, with an annualized covariance of -163.7 %².
VXZ is close to the least connected end of LSBK's tracked universe, ranking #10 of 11. Correlation aside, the last 12 months split them widely, with LSBK ahead by 49.4 points (+33.3% 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.
LSBK vs VXZ: side by side
| LSBK (Lake Shore Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.3% | -16.1% |
| 5-year return | +80.0% | -53.1% |
| Volatility (ann.) | 22.5% | 25.6% |
| Beta vs S&P 500 | 0.37 | -1.31 |
| Max drawdown (3Y) | -15.8% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 2.09% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSBK | VXZ |
|---|---|---|
| 2022 | -15.0% | +0.5% |
| 2023 | -3.0% | -44.0% |
| 2024 | +22.4% | -12.7% |
| 2025 | +48.2% | +5.7% |
| 2026 | +19.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSBK and VXZ 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 VXZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.19 over the last year and -0.22 over 5 years.
Is VXZ 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lsbk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSBK correlations · VXZ correlations
