VXX vs WTBA: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and West Bancorporation (WTBA) show a negative relationship: their 3-year correlation of weekly returns is -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WTBA?
Over the past 3 years, VXX and WTBA moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.41). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -755.3 %².
Within VXX's tracked universe of 2872 assets, WTBA comes in at #2046 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WTBA ahead by 97.6 points (-49.7% versus +47.9%). Risk is not evenly split, since VXX carries 2.0 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 WTBA: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | -49.7% | +47.9% |
| 5-year return | -95.6% | +16.8% |
| Volatility (ann.) | 60.9% | 30.5% |
| Beta vs S&P 500 | -3.31 | 0.75 |
| Max drawdown (3Y) | -83.3% | -26.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WTBA |
|---|---|---|
| 2022 | -23.8% | -14.4% |
| 2023 | -72.5% | -12.4% |
| 2024 | -26.2% | +7.7% |
| 2025 | -42.2% | +7.7% |
| 2026 | -31.6% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WTBA good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WTBA?
The VXX/WTBA correlation stands at -0.41 on a 3-year window (1 year: -0.19, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is WTBA a good diversifier for VXX?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: VXX correlations · WTBA correlations
