PKBK vs VXZ: Correlation
How closely do Parke Bancorp, Inc. (PKBK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.45, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PKBK and VXZ?
Across a 3-year window, the weekly returns of PKBK and VXZ correlate at -0.45, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. Stretching to 5 years gives -0.42, with an annualized covariance of -311.4 %².
Out of 12 assets tracked against PKBK, VXZ lands near the bottom at #12. The last year tells two different stories: PKBK led by 68.2 percentage points, +52.1% for PKBK against -16.1% for VXZ.
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 VXZ: side by side
| PKBK (Parke Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.1% | -16.1% |
| 5-year return | +97.5% | -53.1% |
| Volatility (ann.) | 27.2% | 25.6% |
| Beta vs S&P 500 | 0.68 | -1.31 |
| Max drawdown (3Y) | -26.3% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 8.8 | – |
| Dividend yield | 2.19% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PKBK | VXZ |
|---|---|---|
| 2022 | +0.4% | +0.5% |
| 2023 | +1.7% | -44.0% |
| 2024 | +5.4% | -12.7% |
| 2025 | +26.6% | +5.7% |
| 2026 | +36.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PKBK and VXZ good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PKBK and VXZ?
Using weekly returns as of 2026-08-27: -0.45 over 3 years, with -0.38 over the last year and -0.42 over 5 years.
Is VXZ a good diversifier for PKBK?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pkbk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pkbk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PKBK correlations · VXZ correlations
