TSBK vs VXZ: Correlation
Timberland Bancorp, Inc. (TSBK) 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 -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSBK and VXZ?
Over the past 3 years, TSBK and VXZ moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.24) than the 3-year average (-0.41). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -269.5 %².
VXZ is close to the least connected end of TSBK's tracked universe, ranking #10 of 11. The last year tells two different stories: TSBK led by 58.8 percentage points, +42.7% for TSBK 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.
TSBK vs VXZ: side by side
| TSBK (Timberland Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +42.7% | -16.1% |
| 5-year return | +87.7% | -53.1% |
| Volatility (ann.) | 25.5% | 25.6% |
| Beta vs S&P 500 | 0.58 | -1.31 |
| Max drawdown (3Y) | -22.9% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.43% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSBK | VXZ |
|---|---|---|
| 2022 | +27.5% | +0.5% |
| 2023 | -4.8% | -44.0% |
| 2024 | +0.4% | -12.7% |
| 2025 | +21.3% | +5.7% |
| 2026 | +31.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSBK and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between TSBK and VXZ?
As of 2026-08-27, the correlation of weekly returns between TSBK and VXZ is -0.41 over 3 years, -0.24 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for TSBK?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
A reading of -0.41 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsbk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TSBK correlations · VXZ correlations
