PEBK vs VXX: Correlation
Peoples Bancorp of North Carolina, Inc. (PEBK) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBK and VXX?
Over the past 3 years, PEBK and VXX moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.40). Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -742.8 %².
Among the 12 assets we track against PEBK, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months PEBK outperformed by 92.5 percentage points (+42.8% for PEBK against -49.7% for VXX). One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PEBK vs VXX: side by side
| PEBK (Peoples Bancorp of North Carolina, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +42.8% | -49.7% |
| 5-year return | +80.5% | -95.6% |
| Volatility (ann.) | 30.3% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -25.2% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 1.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEBK | VXX |
|---|---|---|
| 2022 | +21.8% | -23.8% |
| 2023 | -1.4% | -72.5% |
| 2024 | +4.3% | -26.2% |
| 2025 | +19.7% | -42.2% |
| 2026 | +21.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBK and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEBK and VXX?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.27 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for PEBK?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
A reading of -0.40 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/pebk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pebk-vs-vxx/)
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Related comparisons
Hubs: PEBK correlations · VXX correlations
