SBFG vs VXZ: Correlation
SB Financial Group, Inc. (SBFG) 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 -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBFG and VXZ?
Over the past 3 years, SBFG and VXZ moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -157.7 %².
VXZ is close to the least connected end of SBFG's tracked universe, ranking #11 of 13. The last year tells two different stories: SBFG led by 51.3 percentage points, +35.2% for SBFG 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.
SBFG vs VXZ: side by side
| SBFG (SB Financial Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.2% | -16.1% |
| 5-year return | +88.6% | -53.1% |
| Volatility (ann.) | 29.8% | 25.6% |
| Beta vs S&P 500 | 0.34 | -1.31 |
| Max drawdown (3Y) | -27.8% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 10.3 | – |
| Dividend yield | 2.25% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBFG | VXZ |
|---|---|---|
| 2022 | -7.0% | +0.5% |
| 2023 | -5.9% | -44.0% |
| 2024 | +41.1% | -12.7% |
| 2025 | +9.5% | +5.7% |
| 2026 | +27.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBFG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between SBFG and VXZ?
The SBFG/VXZ correlation stands at -0.21 on a 3-year window (1 year: -0.21, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SBFG?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/sbfg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbfg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SBFG correlations · VXZ correlations
