OBK vs VXZ: Correlation
Measured on weekly returns over the past three years, Origin Bancorp, Inc. (OBK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.52, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBK and VXZ?
Across a 3-year window, the weekly returns of OBK and VXZ correlate at -0.52, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.28) runs above the 3-year figure (-0.52). Stretching to 5 years gives -0.46, with an annualized covariance of -388.7 %².
Among the 11 assets we track against OBK, VXZ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: OBK led by 55.0 percentage points, +38.9% for OBK 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.
OBK vs VXZ: side by side
| OBK (Origin Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +38.9% | -16.1% |
| 5-year return | +43.8% | -53.1% |
| Volatility (ann.) | 29.1% | 25.6% |
| Beta vs S&P 500 | 0.90 | -1.31 |
| Max drawdown (3Y) | -28.0% | -36.4% |
| Market cap | $1.6B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 1.31% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBK | VXZ |
|---|---|---|
| 2022 | -13.3% | +0.5% |
| 2023 | -1.2% | -44.0% |
| 2024 | -4.6% | -12.7% |
| 2025 | +14.8% | +5.7% |
| 2026 | +43.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBK and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
FAQ
What is the correlation between OBK and VXZ?
As of 2026-08-27, the correlation of weekly returns between OBK and VXZ is -0.52 over 3 years, -0.28 over 1 year and -0.46 over 5 years.
Is VXZ a good diversifier for OBK?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
What does a correlation of -0.52 mean?
A reading of -0.52 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/obk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/obk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OBK correlations · VXZ correlations
