MVBF vs VXX: Correlation
MVB Financial Corp. (MVBF) 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 -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVBF and VXX?
On 3 years of weekly data the MVBF/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. The 5-year figure is -0.34, and annualized covariance runs at -834.0 %².
VXX is close to the least connected end of MVBF's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months MVBF outperformed by 79.2 percentage points (+29.5% for MVBF against -49.7% for VXX). One caveat on sizing: VXX is 1.9 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.
MVBF vs VXX: side by side
| MVBF (MVB Financial Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.5% | -49.7% |
| 5-year return | -11.2% | -95.6% |
| Volatility (ann.) | 32.7% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -35.3% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MVBF | VXX |
|---|---|---|
| 2022 | -45.8% | -23.8% |
| 2023 | +5.7% | -72.5% |
| 2024 | -5.1% | -26.2% |
| 2025 | +28.7% | -42.2% |
| 2026 | +18.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVBF and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, MVBF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MVBF and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.33 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for MVBF?
Yes. With a correlation of -0.42, MVBF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 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/mvbf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mvbf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MVBF correlations · VXX correlations
