SBCF vs VXX: Correlation
Measured on weekly returns over the past three years, Seacoast Banking Corporation of Florida (SBCF) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.53, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBCF and VXX?
Over the past 3 years, SBCF and VXX moved with a correlation of -0.53, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.35) than the 3-year average (-0.53). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -1000.3 %².
Among the 30 assets we track against SBCF, VXX sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months SBCF outperformed by 62.4 percentage points (+12.7% for SBCF against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.0 times the volatility of the other side.
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.
SBCF vs VXX: side by side
| SBCF (Seacoast Banking Corporation of Florida) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.7% | -49.7% |
| 5-year return | +23.0% | -95.6% |
| Volatility (ann.) | 30.8% | 60.9% |
| Beta vs S&P 500 | 0.96 | -3.31 |
| Max drawdown (3Y) | -27.8% | -83.3% |
| Market cap | $3.3B | – |
| P/E (trailing) | 22.3 | – |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBCF | VXX |
|---|---|---|
| 2022 | -10.1% | -23.8% |
| 2023 | -6.0% | -72.5% |
| 2024 | -0.5% | -26.2% |
| 2025 | +17.1% | -42.2% |
| 2026 | +10.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBCF and VXX good diversifiers for each other?
Yes. With a correlation of -0.53, SBCF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SBCF and VXX?
As of 2026-08-27, the correlation of weekly returns between SBCF and VXX is -0.53 over 3 years, -0.35 over 1 year and -0.47 over 5 years.
Is VXX a good diversifier for SBCF?
Yes. With a correlation of -0.53, SBCF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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/sbcf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbcf-vs-vxx/)
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Hubs: SBCF correlations · VXX correlations
