MNSB vs VXX: Correlation
MainStreet Bancshares, Inc. (MNSB) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNSB and VXX?
On 3 years of weekly data the MNSB/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.22) runs above the 3-year figure (-0.36). The 5-year figure is -0.32, and annualized covariance runs at -683.1 %².
Among the 11 assets we track against MNSB, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: MNSB led by 62.1 percentage points, +12.4% for MNSB against -49.7% for VXX. One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MNSB vs VXX: side by side
| MNSB (MainStreet Bancshares, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.4% | -49.7% |
| 5-year return | +17.5% | -95.6% |
| Volatility (ann.) | 31.1% | 60.9% |
| Beta vs S&P 500 | 0.55 | -3.31 |
| Max drawdown (3Y) | -40.5% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.61% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNSB | VXX |
|---|---|---|
| 2022 | +12.9% | -23.8% |
| 2023 | -8.2% | -72.5% |
| 2024 | -25.3% | -26.2% |
| 2025 | +15.0% | -42.2% |
| 2026 | +25.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNSB and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, MNSB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNSB and VXX?
As of 2026-08-27, the correlation of weekly returns between MNSB and VXX is -0.36 over 3 years, -0.22 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for MNSB?
Yes. With a correlation of -0.36, MNSB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnsb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnsb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNSB correlations · VXX correlations
