VXX vs WSBC: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and WesBanco, Inc. (WSBC) trade together? Their weekly returns over three years give a correlation of -0.47, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WSBC?
On 3 years of weekly data the VXX/WSBC correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.47 over 3 years. The 5-year figure is -0.41, and annualized covariance runs at -802.8 %².
By 3-year correlation, WSBC places #2432 of the 2872 assets tracked against VXX. Correlation aside, the last 12 months split them widely, with WSBC ahead by 78.3 points (-49.7% versus +28.6%). Risk is not evenly split, since VXX carries 2.2 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 WSBC: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +28.6% |
| 5-year return | -95.6% | +48.2% |
| Volatility (ann.) | 60.9% | 28.3% |
| Beta vs S&P 500 | -3.31 | 0.77 |
| Max drawdown (3Y) | -83.3% | -26.9% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WSBC |
|---|---|---|
| 2022 | -23.8% | +9.9% |
| 2023 | -72.5% | -10.9% |
| 2024 | -26.2% | +8.8% |
| 2025 | -42.2% | +7.0% |
| 2026 | -31.6% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WSBC good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXX and WSBC?
As of 2026-08-27, the correlation of weekly returns between VXX and WSBC is -0.47 over 3 years, -0.26 over 1 year and -0.41 over 5 years.
Is WSBC a good diversifier for VXX?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
A reading of -0.47 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/vxx-vs-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WSBC correlations
