OPHC vs VXX: Correlation
How closely do OptimumBank Holdings, Inc. (OPHC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPHC and VXX?
Across a 3-year window, the weekly returns of OPHC and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.31 over 3. Stretching to 5 years gives -0.27, with an annualized covariance of -613.0 %².
Among the 11 assets we track against OPHC, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: OPHC led by 149.7 percentage points, +100.0% for OPHC against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.9 times the volatility of the other side.
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.
OPHC vs VXX: side by side
| OPHC (OptimumBank Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +100.0% | -49.7% |
| 5-year return | +84.4% | -95.6% |
| Volatility (ann.) | 32.0% | 60.9% |
| Beta vs S&P 500 | 0.67 | -3.31 |
| Max drawdown (3Y) | -34.1% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPHC | VXX |
|---|---|---|
| 2022 | +4.1% | -23.8% |
| 2023 | +2.2% | -72.5% |
| 2024 | +13.9% | -26.2% |
| 2025 | -10.7% | -42.2% |
| 2026 | +105.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPHC and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OPHC and VXX?
The OPHC/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.23, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for OPHC?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/ophc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ophc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OPHC correlations · VXX correlations
