QCRH vs VXX: Correlation
How closely do QCR Holdings, Inc. (QCRH) 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 -0.48, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCRH and VXX?
On 3 years of weekly data the QCRH/VXX correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.43 over 1 year against -0.48 over 3. The 5-year figure is -0.43, and annualized covariance runs at -847.2 %².
VXX is close to the least connected end of QCRH's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months QCRH outperformed by 76.7 percentage points (+27.0% for QCRH against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.1 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.
QCRH vs VXX: side by side
| QCRH (QCR Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.0% | -49.7% |
| 5-year return | +100.9% | -95.6% |
| Volatility (ann.) | 29.0% | 60.9% |
| Beta vs S&P 500 | 0.80 | -3.31 |
| Max drawdown (3Y) | -32.1% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QCRH | VXX |
|---|---|---|
| 2022 | -11.0% | -23.8% |
| 2023 | +18.2% | -72.5% |
| 2024 | +38.6% | -26.2% |
| 2025 | +3.6% | -42.2% |
| 2026 | +21.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QCRH and VXX good diversifiers for each other?
Yes. With a correlation of -0.48, QCRH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QCRH and VXX?
As of 2026-08-27, the correlation of weekly returns between QCRH and VXX is -0.48 over 3 years, -0.43 over 1 year and -0.43 over 5 years.
Is VXX a good diversifier for QCRH?
Yes. With a correlation of -0.48, QCRH 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/qcrh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qcrh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QCRH correlations · VXX correlations
