VXX vs WABC: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Westamerica Bancorporation (WABC) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WABC?
Across a 3-year window, the weekly returns of VXX and WABC correlate at -0.49, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.49 over 3 years. Stretching to 5 years gives -0.42, with an annualized covariance of -732.6 %².
Among the 2872 assets we track against VXX, WABC ranks #2525 by 3-year correlation. The last year tells two different stories: WABC led by 69.5 percentage points, -49.7% for VXX against +19.8% for WABC. Risk is not evenly split, since VXX carries 2.5 times the volatility of the other side.
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.
VXX vs WABC: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WABC (Westamerica Bancorporation) | |
|---|---|---|
| 1-year return | -49.7% | +19.8% |
| 5-year return | -95.6% | +22.6% |
| Volatility (ann.) | 60.9% | 24.4% |
| Beta vs S&P 500 | -3.31 | 0.61 |
| Max drawdown (3Y) | -83.3% | -24.7% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 3.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WABC |
|---|---|---|
| 2022 | -23.8% | +5.2% |
| 2023 | -72.5% | -0.8% |
| 2024 | -26.2% | -3.6% |
| 2025 | -42.2% | -5.4% |
| 2026 | -31.6% | +24.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WABC good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXX and WABC?
Using weekly returns as of 2026-08-27: -0.49 over 3 years, with -0.18 over the last year and -0.42 over 5 years.
Is WABC a good diversifier for VXX?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/vxx-vs-wabc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wabc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VXX correlations · WABC correlations
