TRMK vs VXZ: Correlation
Trustmark Corporation (TRMK) 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 -0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRMK and VXZ?
Across a 3-year window, the weekly returns of TRMK and VXZ correlate at -0.58, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.35) runs above the 3-year figure (-0.58). Stretching to 5 years gives -0.46, with an annualized covariance of -399.0 %².
VXZ is close to the least connected end of TRMK's tracked universe, ranking #21 of 21. The last year tells two different stories: TRMK led by 32.6 percentage points, +16.5% for TRMK 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.
TRMK vs VXZ: side by side
| TRMK (Trustmark Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.5% | -16.1% |
| 5-year return | +69.7% | -53.1% |
| Volatility (ann.) | 27.0% | 25.6% |
| Beta vs S&P 500 | 0.91 | -1.31 |
| Max drawdown (3Y) | -22.0% | -36.4% |
| Market cap | $2.7B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 2.12% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRMK | VXZ |
|---|---|---|
| 2022 | +10.7% | +0.5% |
| 2023 | -17.0% | -44.0% |
| 2024 | +30.6% | -12.7% |
| 2025 | +13.0% | +5.7% |
| 2026 | +20.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRMK and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRMK and VXZ?
As of 2026-08-27, the correlation of weekly returns between TRMK and VXZ is -0.58 over 3 years, -0.35 over 1 year and -0.46 over 5 years.
Is VXZ a good diversifier for TRMK?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
What does a correlation of -0.58 mean?
On the −1 to +1 scale, -0.58 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/trmk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trmk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRMK correlations · VXZ correlations
