PEBK vs VXZ: Correlation
Peoples Bancorp of North Carolina, Inc. (PEBK) 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 -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBK and VXZ?
Over the past 3 years, PEBK and VXZ moved with a correlation of -0.45, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.33 versus -0.45 over 3 years. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -345.2 %².
Among the 12 assets we track against PEBK, VXZ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with PEBK ahead by 58.9 points (+42.8% versus -16.1%).
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 VXZ: side by side
| PEBK (Peoples Bancorp of North Carolina, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +42.8% | -16.1% |
| 5-year return | +80.5% | -53.1% |
| Volatility (ann.) | 30.3% | 25.6% |
| Beta vs S&P 500 | 0.76 | -1.31 |
| Max drawdown (3Y) | -25.2% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 1.88% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEBK | VXZ |
|---|---|---|
| 2022 | +21.8% | +0.5% |
| 2023 | -1.4% | -44.0% |
| 2024 | +4.3% | -12.7% |
| 2025 | +19.7% | +5.7% |
| 2026 | +21.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.45, PEBK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PEBK and VXZ?
The PEBK/VXZ correlation stands at -0.45 on a 3-year window (1 year: -0.33, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PEBK?
Yes. With a correlation of -0.45, PEBK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.45 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/pebk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pebk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEBK correlations · VXZ correlations
