PNC vs VXX: Correlation
How closely do PNC Financial Services (PNC) 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 -0.57, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNC and VXX?
Over the past 3 years, PNC and VXX moved with a correlation of -0.57, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.38 versus -0.57 over 3 years. Over 5 years the correlation is -0.51, and the annualized covariance of weekly returns is -887.1 %².
Among the 47 assets we track against PNC, VXX sits near the bottom by co-movement, at rank #46. The last year tells two different stories: PNC led by 71.8 percentage points, +22.1% for PNC against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.4 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.
PNC vs VXX: side by side
| PNC (PNC Financial Services) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +22.1% | -49.7% |
| 5-year return | +53.5% | -95.6% |
| Volatility (ann.) | 25.6% | 60.9% |
| Beta vs S&P 500 | 0.92 | -3.31 |
| Max drawdown (3Y) | -29.8% | -83.3% |
| Market cap | $97.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 2.78% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | PNC | VXX |
|---|---|---|
| 2022 | -18.6% | -23.8% |
| 2023 | +2.7% | -72.5% |
| 2024 | +29.4% | -26.2% |
| 2025 | +12.2% | -42.2% |
| 2026 | +19.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNC and VXX good diversifiers for each other?
Yes. With a correlation of -0.57, PNC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PNC and VXX?
As of 2026-08-27, the correlation of weekly returns between PNC and VXX is -0.57 over 3 years, -0.38 over 1 year and -0.51 over 5 years.
Is VXX a good diversifier for PNC?
Yes. With a correlation of -0.57, PNC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.57 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/pnc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pnc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PNC correlations · VXX correlations
