PCB vs VXX: Correlation
PCB Bancorp (PCB) 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 -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCB and VXX?
Across a 3-year window, the weekly returns of PCB and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.46 over 3 years. Stretching to 5 years gives -0.42, with an annualized covariance of -734.5 %².
Out of 20 assets tracked against PCB, VXX lands near the bottom at #20. Their recent paths diverged sharply: over the last 12 months PCB outperformed by 78.8 percentage points (+29.1% for PCB against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.3 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.
PCB vs VXX: side by side
| PCB (PCB Bancorp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.1% | -49.7% |
| 5-year return | +74.8% | -95.6% |
| Volatility (ann.) | 26.3% | 60.9% |
| Beta vs S&P 500 | 0.69 | -3.31 |
| Max drawdown (3Y) | -22.8% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCB | VXX |
|---|---|---|
| 2022 | -17.0% | -23.8% |
| 2023 | +8.9% | -72.5% |
| 2024 | +14.6% | -26.2% |
| 2025 | +11.2% | -42.2% |
| 2026 | +30.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCB and VXX 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 PCB and VXX?
As of 2026-08-27, the correlation of weekly returns between PCB and VXX is -0.46 over 3 years, -0.27 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for PCB?
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?
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/pcb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pcb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PCB correlations · VXX correlations
