RMBI vs VXZ: Correlation
Richmond Mutual Bancorporation, Inc. (RMBI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMBI and VXZ?
Over the past 3 years, RMBI and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.26 over 3. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -170.1 %².
Out of 12 assets tracked against RMBI, VXZ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months RMBI outperformed by 30.7 percentage points (+14.6% for RMBI against -16.1% for VXZ).
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 VXZ: side by side
| RMBI (Richmond Mutual Bancorporation, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.6% | -16.1% |
| 5-year return | +24.6% | -53.1% |
| Volatility (ann.) | 25.3% | 25.6% |
| Beta vs S&P 500 | 0.34 | -1.31 |
| Max drawdown (3Y) | -20.8% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 3.78% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMBI | VXZ |
|---|---|---|
| 2022 | -16.7% | +0.5% |
| 2023 | -7.2% | -44.0% |
| 2024 | +28.6% | -12.7% |
| 2025 | +3.7% | +5.7% |
| 2026 | +16.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMBI and VXZ good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RMBI and VXZ?
As of 2026-08-27, the correlation of weekly returns between RMBI and VXZ is -0.26 over 3 years, -0.21 over 1 year and -0.25 over 5 years.
Is VXZ a good diversifier for RMBI?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rmbi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmbi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMBI correlations · VXZ correlations
