RMBI vs VXX: Correlation
Richmond Mutual Bancorporation, Inc. (RMBI) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMBI and VXX?
On 3 years of weekly data the RMBI/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.24). The 5-year figure is -0.22, and annualized covariance runs at -374.1 %².
VXX is close to the least connected end of RMBI's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months RMBI outperformed by 64.3 percentage points (+14.6% for RMBI against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RMBI vs VXX: side by side
| RMBI (Richmond Mutual Bancorporation, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.6% | -49.7% |
| 5-year return | +24.6% | -95.6% |
| Volatility (ann.) | 25.3% | 60.9% |
| Beta vs S&P 500 | 0.34 | -3.31 |
| Max drawdown (3Y) | -20.8% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 3.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMBI | VXX |
|---|---|---|
| 2022 | -16.7% | -23.8% |
| 2023 | -7.2% | -72.5% |
| 2024 | +28.6% | -26.2% |
| 2025 | +3.7% | -42.2% |
| 2026 | +16.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMBI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between RMBI and VXX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.02 over the last year and -0.22 over 5 years.
Is VXX a good diversifier for RMBI?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rmbi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmbi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RMBI correlations · VXX correlations
