OZK vs VXX: Correlation
Bank OZK (OZK) 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 -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OZK and VXX?
Over the past 3 years, OZK and VXX moved with a correlation of -0.49, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.21) than the 3-year average (-0.49). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -984.0 %².
VXX is close to the least connected end of OZK's tracked universe, ranking #12 of 13. The last year tells two different stories: OZK led by 46.3 percentage points, -3.4% for OZK 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.
OZK vs VXX: side by side
| OZK (Bank OZK) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.4% | -49.7% |
| 5-year return | +40.0% | -95.6% |
| Volatility (ann.) | 32.8% | 60.9% |
| Beta vs S&P 500 | 0.99 | -3.31 |
| Max drawdown (3Y) | -29.2% | -83.3% |
| Market cap | $5.4B | – |
| P/E (trailing) | 8.2 | – |
| Dividend yield | 3.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OZK | VXX |
|---|---|---|
| 2022 | -11.2% | -23.8% |
| 2023 | +29.1% | -72.5% |
| 2024 | -7.4% | -26.2% |
| 2025 | +7.4% | -42.2% |
| 2026 | +10.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OZK and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OZK and VXX?
The OZK/VXX correlation stands at -0.49 on a 3-year window (1 year: -0.21, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for OZK?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
A reading of -0.49 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/ozk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ozk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OZK correlations · VXX correlations
