SMBC vs VXZ: Correlation
How closely do Southern Missouri Bancorp, Inc. (SMBC) 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 -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMBC and VXZ?
Over the past 3 years, SMBC and VXZ moved with a correlation of -0.44, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.44). Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -334.2 %².
Out of 16 assets tracked against SMBC, VXZ lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months SMBC outperformed by 46.8 percentage points (+30.7% for SMBC 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.
SMBC vs VXZ: side by side
| SMBC (Southern Missouri Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.7% | -16.1% |
| 5-year return | +79.4% | -53.1% |
| Volatility (ann.) | 29.4% | 25.6% |
| Beta vs S&P 500 | 0.81 | -1.31 |
| Max drawdown (3Y) | -29.2% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.32% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMBC | VXZ |
|---|---|---|
| 2022 | -10.7% | +0.5% |
| 2023 | +18.9% | -44.0% |
| 2024 | +9.4% | -12.7% |
| 2025 | +4.8% | +5.7% |
| 2026 | +27.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMBC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between SMBC and VXZ?
As of 2026-08-27, the correlation of weekly returns between SMBC and VXZ is -0.44 over 3 years, -0.27 over 1 year and -0.39 over 5 years.
Is VXZ a good diversifier for SMBC?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
A reading of -0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/smbc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/smbc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SMBC correlations · VXZ correlations
