USCB vs VXX: Correlation
How closely do USCB Financial Holdings, Inc. (USCB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USCB and VXX?
Across a 3-year window, the weekly returns of USCB and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.42 over 3 years. Stretching to 5 years gives -0.32, with an annualized covariance of -860.9 %².
VXX is close to the least connected end of USCB's tracked universe, ranking #10 of 11. The last year tells two different stories: USCB led by 81.4 percentage points, +31.7% for USCB against -49.7% for VXX. One caveat on sizing: VXX is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
USCB vs VXX: side by side
| USCB (USCB Financial Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.7% | -49.7% |
| 5-year return | +84.4% | -95.6% |
| Volatility (ann.) | 33.8% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -23.2% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 2.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | USCB | VXX |
|---|---|---|
| 2022 | -12.9% | -23.8% |
| 2023 | +0.4% | -72.5% |
| 2024 | +47.0% | -26.2% |
| 2025 | +6.1% | -42.2% |
| 2026 | +23.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USCB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between USCB and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.17 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for USCB?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
A reading of -0.42 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/uscb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uscb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: USCB correlations · VXX correlations
