PB vs VXZ: Correlation
Prosperity Bancshares, Inc. (PB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PB and VXZ?
Across a 3-year window, the weekly returns of PB and VXZ correlate at -0.46, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.30) runs above the 3-year figure (-0.46). Stretching to 5 years gives -0.45, with an annualized covariance of -277.7 %².
VXZ is close to the least connected end of PB's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months PB outperformed by 24.2 percentage points (+8.1% for PB 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.
PB vs VXZ: side by side
| PB (Prosperity Bancshares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.1% | -16.1% |
| 5-year return | +23.1% | -53.1% |
| Volatility (ann.) | 23.7% | 25.6% |
| Beta vs S&P 500 | 0.61 | -1.31 |
| Max drawdown (3Y) | -24.8% | -36.4% |
| Market cap | $8.7B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 3.26% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PB | VXZ |
|---|---|---|
| 2022 | +3.6% | +0.5% |
| 2023 | -3.3% | -44.0% |
| 2024 | +15.1% | -12.7% |
| 2025 | -5.1% | +5.7% |
| 2026 | +7.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between PB and VXZ?
As of 2026-08-27, the correlation of weekly returns between PB and VXZ is -0.46 over 3 years, -0.30 over 1 year and -0.45 over 5 years.
Is VXZ a good diversifier for PB?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
A reading of -0.46 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PB correlations · VXZ correlations
