PB vs VXX: Correlation
Prosperity Bancshares, Inc. (PB) 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 PB and VXX?
Across a 3-year window, the weekly returns of PB and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.18) runs above the 3-year figure (-0.42). Stretching to 5 years gives -0.41, with an annualized covariance of -600.5 %².
Among the 10 assets we track against PB, VXX sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with PB ahead by 57.8 points (+8.1% versus -49.7%). Risk is not evenly split, since VXX carries 2.6 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.
PB vs VXX: side by side
| PB (Prosperity Bancshares, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.1% | -49.7% |
| 5-year return | +23.1% | -95.6% |
| Volatility (ann.) | 23.7% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -24.8% | -83.3% |
| Market cap | $8.7B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 3.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PB | VXX |
|---|---|---|
| 2022 | +3.6% | -23.8% |
| 2023 | -3.3% | -72.5% |
| 2024 | +15.1% | -26.2% |
| 2025 | -5.1% | -42.2% |
| 2026 | +7.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PB and VXX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PB and VXX?
The PB/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.18, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PB?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 mean?
A reading of -0.42 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/pb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PB correlations · VXX correlations
