MCBS vs VXZ: Correlation
Measured on weekly returns over the past three years, MetroCity Bankshares, Inc. (MCBS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCBS and VXZ?
Across a 3-year window, the weekly returns of MCBS and VXZ correlate at -0.51, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.32) runs above the 3-year figure (-0.51). Stretching to 5 years gives -0.46, with an annualized covariance of -371.1 %².
VXZ is close to the least connected end of MCBS's tracked universe, ranking #30 of 30. Correlation aside, the last 12 months split them widely, with MCBS ahead by 36.9 points (+20.8% 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.
MCBS vs VXZ: side by side
| MCBS (MetroCity Bankshares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.8% | -16.1% |
| 5-year return | +99.5% | -53.1% |
| Volatility (ann.) | 28.2% | 25.6% |
| Beta vs S&P 500 | 0.85 | -1.31 |
| Max drawdown (3Y) | -28.0% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.95% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCBS | VXZ |
|---|---|---|
| 2022 | -19.3% | +0.5% |
| 2023 | +15.3% | -44.0% |
| 2024 | +37.1% | -12.7% |
| 2025 | -14.1% | +5.7% |
| 2026 | +35.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.51, MCBS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MCBS and VXZ?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.32 over the last year and -0.46 over 5 years.
Is VXZ a good diversifier for MCBS?
Yes. With a correlation of -0.51, MCBS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 mean?
A reading of -0.51 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/mcbs-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcbs-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCBS correlations · VXZ correlations
