RNST vs VXZ: Correlation
Renasant Corporation (RNST) 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 -0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RNST and VXZ?
Across a 3-year window, the weekly returns of RNST and VXZ correlate at -0.55, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.41 versus -0.55 over 3 years. Stretching to 5 years gives -0.48, with an annualized covariance of -424.0 %².
Among the 18 assets we track against RNST, VXZ sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months RNST outperformed by 23.2 percentage points (+7.1% for RNST 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.
RNST vs VXZ: side by side
| RNST (Renasant Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.1% | -16.1% |
| 5-year return | +34.8% | -53.1% |
| Volatility (ann.) | 30.4% | 25.6% |
| Beta vs S&P 500 | 0.95 | -1.31 |
| Max drawdown (3Y) | -29.3% | -36.4% |
| Market cap | $3.8B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.24% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNST | VXZ |
|---|---|---|
| 2022 | +1.7% | +0.5% |
| 2023 | -7.7% | -44.0% |
| 2024 | +9.1% | -12.7% |
| 2025 | +1.0% | +5.7% |
| 2026 | +18.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNST and VXZ good diversifiers for each other?
Yes. With a correlation of -0.55, RNST and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RNST and VXZ?
The RNST/VXZ correlation stands at -0.55 on a 3-year window (1 year: -0.41, 5 years: -0.48), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RNST?
Yes. With a correlation of -0.55, RNST and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.55 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/rnst-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rnst-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RNST correlations · VXZ correlations
