PNFP vs VXX: Correlation
Pinnacle Financial Partners, Inc. (PNFP) 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 -0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNFP and VXX?
Across a 3-year window, the weekly returns of PNFP and VXX correlate at -0.53, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.39 versus -0.53 over 3 years. Stretching to 5 years gives -0.49, with an annualized covariance of -1136.5 %².
VXX is close to the least connected end of PNFP's tracked universe, ranking #13 of 14. The last year tells two different stories: PNFP led by 56.1 percentage points, +6.4% for PNFP against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.7 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.
PNFP vs VXX: side by side
| PNFP (Pinnacle Financial Partners, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.4% | -49.7% |
| 5-year return | +12.0% | -95.6% |
| Volatility (ann.) | 35.3% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -35.8% | -83.3% |
| Market cap | $15.3B | – |
| P/E (trailing) | 13.9 | – |
| Dividend yield | 1.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNFP | VXX |
|---|---|---|
| 2022 | -22.3% | -23.8% |
| 2023 | +20.5% | -72.5% |
| 2024 | +32.4% | -26.2% |
| 2025 | -15.8% | -42.2% |
| 2026 | +7.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNFP and VXX good diversifiers for each other?
Yes. With a correlation of -0.53, PNFP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PNFP and VXX?
Using weekly returns as of 2026-08-27: -0.53 over 3 years, with -0.39 over the last year and -0.49 over 5 years.
Is VXX a good diversifier for PNFP?
Yes. With a correlation of -0.53, PNFP and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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/pnfp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pnfp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PNFP correlations · VXX correlations
