SFST vs VXX: Correlation
How closely do Southern First Bancshares, Inc. (SFST) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFST and VXX?
Across a 3-year window, the weekly returns of SFST and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.28 versus -0.41 over 3 years. Stretching to 5 years gives -0.35, with an annualized covariance of -826.3 %².
VXX is close to the least connected end of SFST's tracked universe, ranking #12 of 13. Correlation aside, the last 12 months split them widely, with SFST ahead by 86.8 points (+37.1% versus -49.7%). One caveat on sizing: VXX is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SFST vs VXX: side by side
| SFST (Southern First Bancshares, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.1% | -49.7% |
| 5-year return | +23.1% | -95.6% |
| Volatility (ann.) | 33.3% | 60.9% |
| Beta vs S&P 500 | 0.77 | -3.31 |
| Max drawdown (3Y) | -33.6% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFST | VXX |
|---|---|---|
| 2022 | -26.8% | -23.8% |
| 2023 | -18.9% | -72.5% |
| 2024 | +7.1% | -26.2% |
| 2025 | +29.6% | -42.2% |
| 2026 | +20.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFST and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SFST and VXX?
As of 2026-08-27, the correlation of weekly returns between SFST and VXX is -0.41 over 3 years, -0.28 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for SFST?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 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/sfst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sfst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SFST correlations · VXX correlations
