USCB vs VXZ: Correlation
How closely do USCB Financial Holdings, Inc. (USCB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.48, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USCB and VXZ?
Over the past 3 years, USCB and VXZ moved with a correlation of -0.48, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.32 versus -0.48 over 3 years. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -417.7 %².
Among the 11 assets we track against USCB, VXZ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: USCB led by 47.8 percentage points, +31.7% for USCB 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.
USCB vs VXZ: side by side
| USCB (USCB Financial Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.7% | -16.1% |
| 5-year return | +84.4% | -53.1% |
| Volatility (ann.) | 33.8% | 25.6% |
| Beta vs S&P 500 | 0.84 | -1.31 |
| Max drawdown (3Y) | -23.2% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 2.02% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | USCB | VXZ |
|---|---|---|
| 2022 | -12.9% | +0.5% |
| 2023 | +0.4% | -44.0% |
| 2024 | +47.0% | -12.7% |
| 2025 | +6.1% | +5.7% |
| 2026 | +23.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USCB and VXZ good diversifiers for each other?
Yes: at -0.48, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between USCB and VXZ?
As of 2026-08-27, the correlation of weekly returns between USCB and VXZ is -0.48 over 3 years, -0.32 over 1 year and -0.37 over 5 years.
Is VXZ a good diversifier for USCB?
Yes: at -0.48, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.48 mean?
On the −1 to +1 scale, -0.48 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/uscb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uscb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: USCB correlations · VXZ correlations
