RRBI vs VXZ: Correlation
How closely do Red River Bancshares, Inc. (RRBI) 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 -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRBI and VXZ?
Across a 3-year window, the weekly returns of RRBI and VXZ correlate at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.29) than the 3-year average (-0.42). Stretching to 5 years gives -0.35, with an annualized covariance of -255.2 %².
VXZ is close to the least connected end of RRBI's tracked universe, ranking #9 of 10. The last year tells two different stories: RRBI led by 70.9 percentage points, +54.8% for RRBI 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.
RRBI vs VXZ: side by side
| RRBI (Red River Bancshares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +54.8% | -16.1% |
| 5-year return | +108.4% | -53.1% |
| Volatility (ann.) | 23.7% | 25.6% |
| Beta vs S&P 500 | 0.62 | -1.31 |
| Max drawdown (3Y) | -23.0% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.79% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRBI | VXZ |
|---|---|---|
| 2022 | -4.0% | +0.5% |
| 2023 | +10.6% | -44.0% |
| 2024 | -3.1% | -12.7% |
| 2025 | +33.5% | +5.7% |
| 2026 | +42.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRBI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between RRBI and VXZ?
As of 2026-08-27, the correlation of weekly returns between RRBI and VXZ is -0.42 over 3 years, -0.29 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for RRBI?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
A reading of -0.42 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/rrbi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rrbi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RRBI correlations · VXZ correlations
