SRCE vs VXZ: Correlation
Measured on weekly returns over the past three years, 1st Source Corporation (SRCE) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRCE and VXZ?
Over the past 3 years, SRCE and VXZ moved with a correlation of -0.43, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.29) runs above the 3-year figure (-0.43). Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -280.6 %².
Out of 20 assets tracked against SRCE, VXZ lands near the bottom at #20. Correlation aside, the last 12 months split them widely, with SRCE ahead by 53.1 points (+37.0% versus -16.1%).
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.
SRCE vs VXZ: side by side
| SRCE (1st Source Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.0% | -16.1% |
| 5-year return | +110.2% | -53.1% |
| Volatility (ann.) | 25.5% | 25.6% |
| Beta vs S&P 500 | 0.61 | -1.31 |
| Max drawdown (3Y) | -21.2% | -36.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 0.93% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRCE | VXZ |
|---|---|---|
| 2022 | +9.8% | +0.5% |
| 2023 | +6.5% | -44.0% |
| 2024 | +9.0% | -12.7% |
| 2025 | +9.8% | +5.7% |
| 2026 | +40.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRCE and VXZ good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SRCE and VXZ?
The SRCE/VXZ correlation stands at -0.43 on a 3-year window (1 year: -0.29, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SRCE?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 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/srce-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/srce-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SRCE correlations · VXZ correlations
