PEBO vs VXX: Correlation
How closely do Peoples Bancorp Inc. (PEBO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.50, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBO and VXX?
Over the past 3 years, PEBO and VXX moved with a correlation of -0.50, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.23) runs above the 3-year figure (-0.50). Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -765.5 %².
Out of 26 assets tracked against PEBO, VXX lands near the bottom at #25. Correlation aside, the last 12 months split them widely, with PEBO ahead by 83.3 points (+33.6% versus -49.7%). One caveat on sizing: VXX is 2.4 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.
PEBO vs VXX: side by side
| PEBO (Peoples Bancorp Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.6% | -49.7% |
| 5-year return | +66.3% | -95.6% |
| Volatility (ann.) | 25.1% | 60.9% |
| Beta vs S&P 500 | 0.69 | -3.31 |
| Max drawdown (3Y) | -24.5% | -83.3% |
| Market cap | $1.4B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 4.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEBO | VXX |
|---|---|---|
| 2022 | -6.6% | -23.8% |
| 2023 | +26.5% | -72.5% |
| 2024 | -1.0% | -26.2% |
| 2025 | +0.1% | -42.2% |
| 2026 | +36.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBO and VXX good diversifiers for each other?
Yes. With a correlation of -0.50, PEBO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PEBO and VXX?
Using weekly returns as of 2026-08-27: -0.50 over 3 years, with -0.23 over the last year and -0.44 over 5 years.
Is VXX a good diversifier for PEBO?
Yes. With a correlation of -0.50, PEBO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 mean?
A reading of -0.50 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/pebo-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pebo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PEBO correlations · VXX correlations
