TSBK vs VXX: Correlation
Timberland Bancorp, Inc. (TSBK) 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 -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSBK and VXX?
Across a 3-year window, the weekly returns of TSBK and VXX correlate at -0.43, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.43 over 3 years. Stretching to 5 years gives -0.33, with an annualized covariance of -665.1 %².
Among the 11 assets we track against TSBK, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: TSBK led by 92.4 percentage points, +42.7% for TSBK against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.4 times the volatility of the other side.
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.
TSBK vs VXX: side by side
| TSBK (Timberland Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +42.7% | -49.7% |
| 5-year return | +87.7% | -95.6% |
| Volatility (ann.) | 25.5% | 60.9% |
| Beta vs S&P 500 | 0.58 | -3.31 |
| Max drawdown (3Y) | -22.9% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.43% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSBK | VXX |
|---|---|---|
| 2022 | +27.5% | -23.8% |
| 2023 | -4.8% | -72.5% |
| 2024 | +0.4% | -26.2% |
| 2025 | +21.3% | -42.2% |
| 2026 | +31.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSBK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between TSBK and VXX?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.13 over the last year and -0.33 over 5 years.
Is VXX a good diversifier for TSBK?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 mean?
A reading of -0.43 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/tsbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TSBK correlations · VXX correlations
