PKBK vs VXX: Correlation
Parke Bancorp, Inc. (PKBK) 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 -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKBK and VXX?
Across a 3-year window, the weekly returns of PKBK and VXX correlate at -0.43, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -721.6 %².
Among the 12 assets we track against PKBK, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months PKBK outperformed by 101.8 percentage points (+52.1% for PKBK against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.2 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.
PKBK vs VXX: side by side
| PKBK (Parke Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.1% | -49.7% |
| 5-year return | +97.5% | -95.6% |
| Volatility (ann.) | 27.2% | 60.9% |
| Beta vs S&P 500 | 0.68 | -3.31 |
| Max drawdown (3Y) | -26.3% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 8.8 | – |
| Dividend yield | 2.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PKBK | VXX |
|---|---|---|
| 2022 | +0.4% | -23.8% |
| 2023 | +1.7% | -72.5% |
| 2024 | +5.4% | -26.2% |
| 2025 | +26.6% | -42.2% |
| 2026 | +36.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PKBK and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, PKBK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PKBK and VXX?
As of 2026-08-27, the correlation of weekly returns between PKBK and VXX is -0.43 over 3 years, -0.33 over 1 year and -0.38 over 5 years.
Is VXX a good diversifier for PKBK?
Yes. With a correlation of -0.43, PKBK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 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/pkbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pkbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PKBK correlations · VXX correlations
