SFBS vs VXZ: Correlation
How closely do ServisFirst Bancshares, Inc. (SFBS) 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 -0.47, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFBS and VXZ?
Over the past 3 years, SFBS and VXZ moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.34) than the 3-year average (-0.47). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -407.6 %².
Among the 14 assets we track against SFBS, VXZ sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with SFBS ahead by 15.3 points (-0.8% versus -16.1%).
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.
SFBS vs VXZ: side by side
| SFBS (ServisFirst Bancshares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.8% | -16.1% |
| 5-year return | +29.4% | -53.1% |
| Volatility (ann.) | 34.1% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -30.4% | -36.4% |
| Market cap | $4.7B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 1.70% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFBS | VXZ |
|---|---|---|
| 2022 | -17.9% | +0.5% |
| 2023 | -1.2% | -44.0% |
| 2024 | +28.8% | -12.7% |
| 2025 | -13.9% | +5.7% |
| 2026 | +22.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFBS and VXZ good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SFBS and VXZ?
The SFBS/VXZ correlation stands at -0.47 on a 3-year window (1 year: -0.34, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SFBS?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sfbs-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sfbs-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SFBS correlations · VXZ correlations
