STBA vs VXZ: Correlation
S&T Bancorp, Inc. (STBA) 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 -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STBA and VXZ?
On 3 years of weekly data the STBA/VXZ correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.44 over 3 years. The 5-year figure is -0.42, and annualized covariance runs at -323.6 %².
Out of 25 assets tracked against STBA, VXZ lands near the bottom at #25. Their recent paths diverged sharply: over the last 12 months STBA outperformed by 45.1 percentage points (+29.0% for STBA 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.
STBA vs VXZ: side by side
| STBA (S&T Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.0% | -16.1% |
| 5-year return | +102.2% | -53.1% |
| Volatility (ann.) | 28.7% | 25.6% |
| Beta vs S&P 500 | 0.68 | -1.31 |
| Max drawdown (3Y) | -26.1% | -36.4% |
| Market cap | $1.8B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 1.44% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STBA | VXZ |
|---|---|---|
| 2022 | +12.6% | +0.5% |
| 2023 | +2.1% | -44.0% |
| 2024 | +18.7% | -12.7% |
| 2025 | +6.7% | +5.7% |
| 2026 | +29.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STBA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.44, STBA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between STBA and VXZ?
As of 2026-08-27, the correlation of weekly returns between STBA and VXZ is -0.44 over 3 years, -0.24 over 1 year and -0.42 over 5 years.
Is VXZ a good diversifier for STBA?
Yes. With a correlation of -0.44, STBA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 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/stba-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stba-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STBA correlations · VXZ correlations
