VXX vs WNEB: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Western New England Bancorp, Inc. (WNEB) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WNEB?
Over the past 3 years, VXX and WNEB moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.37). Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -729.0 %².
Among the 2872 assets we track against VXX, WNEB ranks #1696 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WNEB outperformed by 61.6 percentage points (-49.7% for VXX against +11.9% for WNEB). Note the risk asymmetry: VXX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WNEB: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +11.9% |
| 5-year return | -95.6% | +85.9% |
| Volatility (ann.) | 60.9% | 32.1% |
| Beta vs S&P 500 | -3.31 | 0.66 |
| Max drawdown (3Y) | -83.3% | -33.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 16.5 |
| Dividend yield | 0.00% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WNEB |
|---|---|---|
| 2022 | -23.8% | +11.0% |
| 2023 | -72.5% | -1.1% |
| 2024 | -26.2% | +6.0% |
| 2025 | -42.2% | +40.9% |
| 2026 | -31.6% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WNEB good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WNEB?
The VXX/WNEB correlation stands at -0.37 on a 3-year window (1 year: -0.17, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is WNEB a good diversifier for VXX?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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/vxx-vs-wneb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxx-vs-wneb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WNEB correlations
