SBSI vs VXX: Correlation
Southside Bancshares, Inc. (SBSI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBSI and VXX?
Over the past 3 years, SBSI and VXX moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.21 versus -0.40 over 3 years. Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -599.1 %².
Out of 20 assets tracked against SBSI, VXX lands near the bottom at #19. Correlation aside, the last 12 months split them widely, with SBSI ahead by 56.1 points (+6.4% versus -49.7%). Risk is not evenly split, since VXX carries 2.5 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.
SBSI vs VXX: side by side
| SBSI (Southside Bancshares, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.4% | -49.7% |
| 5-year return | +7.0% | -95.6% |
| Volatility (ann.) | 24.6% | 60.9% |
| Beta vs S&P 500 | 0.59 | -3.31 |
| Max drawdown (3Y) | -27.3% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 4.49% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBSI | VXX |
|---|---|---|
| 2022 | -10.8% | -23.8% |
| 2023 | -8.9% | -72.5% |
| 2024 | +6.3% | -26.2% |
| 2025 | +0.5% | -42.2% |
| 2026 | +8.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBSI and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SBSI and VXX?
The SBSI/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.21, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SBSI?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/sbsi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbsi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SBSI correlations · VXX correlations
