SFNC vs VXZ: Correlation
Simmons First National Corporation (SFNC) 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 -0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFNC and VXZ?
On 3 years of weekly data the SFNC/VXZ correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. The 5-year figure is -0.44, and annualized covariance runs at -353.8 %².
VXZ is close to the least connected end of SFNC's tracked universe, ranking #19 of 19. The last year tells two different stories: SFNC led by 29.6 percentage points, +13.5% for SFNC 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.
SFNC vs VXZ: side by side
| SFNC (Simmons First National Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.5% | -16.1% |
| 5-year return | -3.8% | -53.1% |
| Volatility (ann.) | 28.9% | 25.6% |
| Beta vs S&P 500 | 0.88 | -1.31 |
| Max drawdown (3Y) | -30.5% | -36.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.75% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFNC | VXZ |
|---|---|---|
| 2022 | -24.6% | +0.5% |
| 2023 | -4.0% | -44.0% |
| 2024 | +16.7% | -12.7% |
| 2025 | -11.3% | +5.7% |
| 2026 | +22.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFNC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.48, SFNC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SFNC and VXZ?
Using weekly returns as of 2026-08-27: -0.48 over 3 years, with -0.38 over the last year and -0.44 over 5 years.
Is VXZ a good diversifier for SFNC?
Yes. With a correlation of -0.48, SFNC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 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/sfnc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sfnc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SFNC correlations · VXZ correlations
