SMBK vs VXZ: Correlation
SmartFinancial, Inc. (SMBK) 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 -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMBK and VXZ?
Across a 3-year window, the weekly returns of SMBK and VXZ correlate at -0.51, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.36 versus -0.51 over 3 years. Stretching to 5 years gives -0.46, with an annualized covariance of -379.4 %².
VXZ is close to the least connected end of SMBK's tracked universe, ranking #26 of 26. Their recent paths diverged sharply: over the last 12 months SMBK outperformed by 53.7 percentage points (+37.6% for SMBK 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.
SMBK vs VXZ: side by side
| SMBK (SmartFinancial, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.6% | -16.1% |
| 5-year return | +113.7% | -53.1% |
| Volatility (ann.) | 28.9% | 25.6% |
| Beta vs S&P 500 | 0.84 | -1.31 |
| Max drawdown (3Y) | -26.4% | -36.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 0.65% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMBK | VXZ |
|---|---|---|
| 2022 | +1.6% | +0.5% |
| 2023 | -9.7% | -44.0% |
| 2024 | +28.1% | -12.7% |
| 2025 | +20.5% | +5.7% |
| 2026 | +37.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMBK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.51, SMBK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SMBK and VXZ?
As of 2026-08-27, the correlation of weekly returns between SMBK and VXZ is -0.51 over 3 years, -0.36 over 1 year and -0.46 over 5 years.
Is VXZ a good diversifier for SMBK?
Yes. With a correlation of -0.51, SMBK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 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/smbk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/smbk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SMBK correlations · VXZ correlations
