VABK vs VXX: Correlation
How closely do Virginia National Bankshares Corporation (VABK) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VABK and VXX?
Across a 3-year window, the weekly returns of VABK and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.30 over 3. Stretching to 5 years gives -0.26, with an annualized covariance of -643.9 %².
VXX is close to the least connected end of VABK's tracked universe, ranking #9 of 10. The last year tells two different stories: VABK led by 65.7 percentage points, +16.0% for VABK against -49.7% for VXX. One caveat on sizing: VXX is 1.7 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.
VABK vs VXX: side by side
| VABK (Virginia National Bankshares Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.0% | -49.7% |
| 5-year return | +50.7% | -95.6% |
| Volatility (ann.) | 35.4% | 60.9% |
| Beta vs S&P 500 | 0.71 | -3.31 |
| Max drawdown (3Y) | -40.9% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 3.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VABK | VXX |
|---|---|---|
| 2022 | +0.3% | -23.8% |
| 2023 | -2.5% | -72.5% |
| 2024 | +15.5% | -26.2% |
| 2025 | +8.2% | -42.2% |
| 2026 | +19.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VABK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between VABK and VXX?
As of 2026-08-27, the correlation of weekly returns between VABK and VXX is -0.30 over 3 years, -0.27 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for VABK?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vabk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vabk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VABK correlations · VXX correlations
