ABR vs VXZ: Correlation
Arbor Realty Trust (ABR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABR and VXZ?
Across a 3-year window, the weekly returns of ABR and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.42, with an annualized covariance of -274.7 %².
Out of 12 assets tracked against ABR, VXZ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 35.4 percentage points (-51.5% for ABR against -16.1% for VXZ).
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.
ABR vs VXZ: side by side
| ABR (Arbor Realty Trust) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -51.5% | -16.1% |
| 5-year return | -50.7% | -53.1% |
| Volatility (ann.) | 36.0% | 25.6% |
| Beta vs S&P 500 | 0.73 | -1.31 |
| Max drawdown (3Y) | -62.0% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | 55.9 | – |
| Dividend yield | 18.58% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABR | VXZ |
|---|---|---|
| 2022 | -20.7% | +0.5% |
| 2023 | +29.7% | -44.0% |
| 2024 | +3.2% | -12.7% |
| 2025 | -36.7% | +5.7% |
| 2026 | -28.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABR and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABR and VXZ?
As of 2026-08-27, the correlation of weekly returns between ABR and VXZ is -0.30 over 3 years, -0.23 over 1 year and -0.42 over 5 years.
Is VXZ a good diversifier for ABR?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/abr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABR correlations · VXZ correlations
