VXX vs WSBF: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Waterstone Financial, Inc. (WSBF) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WSBF?
On 3 years of weekly data the VXX/WSBF correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.21) runs above the 3-year figure (-0.46). The 5-year figure is -0.41, and annualized covariance runs at -740.0 %².
Within VXX's tracked universe of 2872 assets, WSBF comes in at #2369 by 3-year correlation. The last year tells two different stories: WSBF led by 99.6 percentage points, -49.7% for VXX against +49.9% for WSBF. Risk is not evenly split, since VXX carries 2.3 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 WSBF: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WSBF (Waterstone Financial, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +49.9% |
| 5-year return | -95.6% | +33.3% |
| Volatility (ann.) | 60.9% | 26.2% |
| Beta vs S&P 500 | -3.31 | 0.61 |
| Max drawdown (3Y) | -83.3% | -26.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WSBF |
|---|---|---|
| 2022 | -23.8% | -15.8% |
| 2023 | -72.5% | -13.1% |
| 2024 | -26.2% | -0.9% |
| 2025 | -42.2% | +28.8% |
| 2026 | -31.6% | +30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WSBF good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WSBF?
As of 2026-08-27, the correlation of weekly returns between VXX and WSBF is -0.46 over 3 years, -0.21 over 1 year and -0.41 over 5 years.
Is WSBF a good diversifier for VXX?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
A reading of -0.46 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-wsbf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wsbf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · WSBF correlations
