TCBK vs VXZ: Correlation
Measured on weekly returns over the past three years, TriCo Bancshares (TCBK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCBK and VXZ?
Over the past 3 years, TCBK and VXZ moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.46 over 3 years. Over 5 years the correlation is -0.40, and the annualized covariance of weekly returns is -340.3 %².
Out of 14 assets tracked against TCBK, VXZ lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months TCBK outperformed by 38.0 percentage points (+21.9% for TCBK 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.
TCBK vs VXZ: side by side
| TCBK (TriCo Bancshares) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.9% | -16.1% |
| 5-year return | +59.3% | -53.1% |
| Volatility (ann.) | 29.1% | 25.6% |
| Beta vs S&P 500 | 0.76 | -1.31 |
| Max drawdown (3Y) | -27.9% | -36.4% |
| Market cap | $1.7B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 2.66% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCBK | VXZ |
|---|---|---|
| 2022 | +21.5% | +0.5% |
| 2023 | -13.0% | -44.0% |
| 2024 | +5.1% | -12.7% |
| 2025 | +11.9% | +5.7% |
| 2026 | +15.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCBK and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between TCBK and VXZ?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.27 over the last year and -0.40 over 5 years.
Is VXZ a good diversifier for TCBK?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
A reading of -0.46 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/tcbk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcbk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TCBK correlations · VXZ correlations
