SBCF vs VXZ: Correlation
Measured on weekly returns over the past three years, Seacoast Banking Corporation of Florida (SBCF) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.56, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBCF and VXZ?
On 3 years of weekly data the SBCF/VXZ correlation comes out at -0.56, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.46) runs above the 3-year figure (-0.56). The 5-year figure is -0.51, and annualized covariance runs at -439.9 %².
VXZ is close to the least connected end of SBCF's tracked universe, ranking #30 of 30. The last year tells two different stories: SBCF led by 28.8 percentage points, +12.7% for SBCF 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.
SBCF vs VXZ: side by side
| SBCF (Seacoast Banking Corporation of Florida) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.7% | -16.1% |
| 5-year return | +23.0% | -53.1% |
| Volatility (ann.) | 30.8% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -27.8% | -36.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | 22.3 | – |
| Dividend yield | 2.18% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBCF | VXZ |
|---|---|---|
| 2022 | -10.1% | +0.5% |
| 2023 | -6.0% | -44.0% |
| 2024 | -0.5% | -12.7% |
| 2025 | +17.1% | +5.7% |
| 2026 | +10.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBCF and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
FAQ
What is the correlation between SBCF and VXZ?
The SBCF/VXZ correlation stands at -0.56 on a 3-year window (1 year: -0.46, 5 years: -0.51), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SBCF?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
What does a correlation of -0.56 mean?
On the −1 to +1 scale, -0.56 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbcf-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SBCF correlations · VXZ correlations
