VABK vs VXZ: Correlation
Measured on weekly returns over the past three years, Virginia National Bankshares Corporation (VABK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VABK and VXZ?
On 3 years of weekly data the VABK/VXZ correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. The 5-year figure is -0.31, and annualized covariance runs at -317.5 %².
Out of 10 assets tracked against VABK, VXZ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months VABK outperformed by 32.1 percentage points (+16.0% for VABK 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.
VABK vs VXZ: side by side
| VABK (Virginia National Bankshares Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.0% | -16.1% |
| 5-year return | +50.7% | -53.1% |
| Volatility (ann.) | 35.4% | 25.6% |
| Beta vs S&P 500 | 0.71 | -1.31 |
| Max drawdown (3Y) | -40.9% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 3.10% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VABK | VXZ |
|---|---|---|
| 2022 | +0.3% | +0.5% |
| 2023 | -2.5% | -44.0% |
| 2024 | +15.5% | -12.7% |
| 2025 | +8.2% | +5.7% |
| 2026 | +19.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VABK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.35, VABK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VABK and VXZ?
As of 2026-08-27, the correlation of weekly returns between VABK and VXZ is -0.35 over 3 years, -0.35 over 1 year and -0.31 over 5 years.
Is VXZ a good diversifier for VABK?
Yes. With a correlation of -0.35, VABK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
A reading of -0.35 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/vabk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vabk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VABK correlations · VXZ correlations
