OSBC vs VXX: Correlation
Measured on weekly returns over the past three years, Old Second Bancorp, Inc. (OSBC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSBC and VXX?
Over the past 3 years, OSBC and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.27) runs above the 3-year figure (-0.47). Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -763.2 %².
Among the 11 assets we track against OSBC, VXX sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months OSBC outperformed by 87.1 percentage points (+37.4% for OSBC against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OSBC vs VXX: side by side
| OSBC (Old Second Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.4% | -49.7% |
| 5-year return | +130.4% | -95.6% |
| Volatility (ann.) | 26.8% | 60.9% |
| Beta vs S&P 500 | 0.67 | -3.31 |
| Max drawdown (3Y) | -25.5% | -83.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | 14.6 | – |
| Dividend yield | 1.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSBC | VXX |
|---|---|---|
| 2022 | +29.2% | -23.8% |
| 2023 | -2.4% | -72.5% |
| 2024 | +16.7% | -26.2% |
| 2025 | +11.3% | -42.2% |
| 2026 | +30.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSBC and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OSBC and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.27 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for OSBC?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
A reading of -0.47 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/osbc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/osbc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OSBC correlations · VXX correlations
