MNSB vs VXZ: Correlation
How closely do MainStreet Bancshares, Inc. (MNSB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNSB and VXZ?
Over the past 3 years, MNSB and VXZ moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.40 over 3. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -314.9 %².
Out of 11 assets tracked against MNSB, VXZ lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months MNSB outperformed by 28.5 percentage points (+12.4% for MNSB against -16.1% for VXZ).
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 VXZ: side by side
| MNSB (MainStreet Bancshares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.4% | -16.1% |
| 5-year return | +17.5% | -53.1% |
| Volatility (ann.) | 31.1% | 25.6% |
| Beta vs S&P 500 | 0.55 | -1.31 |
| Max drawdown (3Y) | -40.5% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.61% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNSB | VXZ |
|---|---|---|
| 2022 | +12.9% | +0.5% |
| 2023 | -8.2% | -44.0% |
| 2024 | -25.3% | -12.7% |
| 2025 | +15.0% | +5.7% |
| 2026 | +25.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNSB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.40, MNSB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNSB and VXZ?
The MNSB/VXZ correlation stands at -0.40 on a 3-year window (1 year: -0.35, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for MNSB?
Yes. With a correlation of -0.40, MNSB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnsb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNSB correlations · VXZ correlations
