SRBK vs VXX: Correlation
SR Bancorp, Inc. (SRBK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRBK and VXX?
On 3 years of weekly data the SRBK/VXX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.29 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -306.2 %².
VXX is close to the least connected end of SRBK's tracked universe, ranking #11 of 12. The last year tells two different stories: SRBK led by 80.0 percentage points, +30.3% for SRBK against -49.7% for VXX. One caveat on sizing: VXX is 3.5 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.
SRBK vs VXX: side by side
| SRBK (SR Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.3% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 17.4% | 60.9% |
| Beta vs S&P 500 | 0.36 | -3.31 |
| Max drawdown (3Y) | -13.5% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 44.3 | – |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRBK | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +24.6% | -26.2% |
| 2025 | +34.1% | -42.2% |
| 2026 | +24.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRBK and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SRBK and VXX?
The SRBK/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SRBK?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/srbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/srbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SRBK correlations · VXX correlations
