RBB vs VXZ: Correlation
How closely do RBB Bancorp (RBB) 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 -0.51, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBB and VXZ?
Over the past 3 years, RBB and VXZ moved with a correlation of -0.51, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.39) than the 3-year average (-0.51). Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -425.5 %².
Out of 15 assets tracked against RBB, VXZ lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with RBB ahead by 47.9 points (+31.8% versus -16.1%).
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.
RBB vs VXZ: side by side
| RBB (RBB Bancorp) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.8% | -16.1% |
| 5-year return | +22.2% | -53.1% |
| Volatility (ann.) | 32.4% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -39.2% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 10.8 | – |
| Dividend yield | 2.43% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RBB | VXZ |
|---|---|---|
| 2022 | -18.5% | +0.5% |
| 2023 | -4.4% | -44.0% |
| 2024 | +11.0% | -12.7% |
| 2025 | +4.4% | +5.7% |
| 2026 | +29.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.51, RBB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RBB and VXZ?
The RBB/VXZ correlation stands at -0.51 on a 3-year window (1 year: -0.39, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RBB?
Yes. With a correlation of -0.51, RBB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 mean?
On the −1 to +1 scale, -0.51 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/rbb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rbb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RBB correlations · VXZ correlations
