PRK vs VXX: Correlation
Park National Corporation (PRK) 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 -0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRK and VXX?
Over the past 3 years, PRK and VXX moved with a correlation of -0.48, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.48 over 3 years. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -820.4 %².
Out of 19 assets tracked against PRK, VXX lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months PRK outperformed by 66.9 percentage points (+17.2% for PRK 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.
PRK vs VXX: side by side
| PRK (Park National Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.2% | -49.7% |
| 5-year return | +98.6% | -95.6% |
| Volatility (ann.) | 28.2% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -30.4% | -83.3% |
| Market cap | $3.6B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRK | VXX |
|---|---|---|
| 2022 | +6.1% | -23.8% |
| 2023 | -2.0% | -72.5% |
| 2024 | +33.0% | -26.2% |
| 2025 | -8.1% | -42.2% |
| 2026 | +32.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRK and VXX good diversifiers for each other?
Yes. With a correlation of -0.48, PRK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRK and VXX?
As of 2026-08-27, the correlation of weekly returns between PRK and VXX is -0.48 over 3 years, -0.24 over 1 year and -0.41 over 5 years.
Is VXX a good diversifier for PRK?
Yes. With a correlation of -0.48, PRK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 mean?
On the −1 to +1 scale, -0.48 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/prk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRK correlations · VXX correlations
