SFNC vs VXX: Correlation
Measured on weekly returns over the past three years, Simmons First National Corporation (SFNC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFNC and VXX?
On 3 years of weekly data the SFNC/VXX correlation comes out at -0.45, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.28) runs above the 3-year figure (-0.45). The 5-year figure is -0.41, and annualized covariance runs at -791.9 %².
VXX is close to the least connected end of SFNC's tracked universe, ranking #18 of 19. Their recent paths diverged sharply: over the last 12 months SFNC outperformed by 63.2 percentage points (+13.5% for SFNC against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SFNC vs VXX: side by side
| SFNC (Simmons First National Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.5% | -49.7% |
| 5-year return | -3.8% | -95.6% |
| Volatility (ann.) | 28.9% | 60.9% |
| Beta vs S&P 500 | 0.88 | -3.31 |
| Max drawdown (3Y) | -30.5% | -83.3% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFNC | VXX |
|---|---|---|
| 2022 | -24.6% | -23.8% |
| 2023 | -4.0% | -72.5% |
| 2024 | +16.7% | -26.2% |
| 2025 | -11.3% | -42.2% |
| 2026 | +22.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFNC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
FAQ
What is the correlation between SFNC and VXX?
Using weekly returns as of 2026-08-27: -0.45 over 3 years, with -0.28 over the last year and -0.41 over 5 years.
Is VXX a good diversifier for SFNC?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 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/sfnc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sfnc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SFNC correlations · VXX correlations
