ACRE vs VXX: Correlation
Ares Commercial Real Estate Corporation (ACRE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRE and VXX?
On 3 years of weekly data the ACRE/VXX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.35 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -807.7 %².
Out of 13 assets tracked against ACRE, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with ACRE ahead by 63.3 points (+13.6% versus -49.7%). Note the risk asymmetry: VXX runs 1.6 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.
ACRE vs VXX: side by side
| ACRE (Ares Commercial Real Estate Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.6% | -49.7% |
| 5-year return | -43.9% | -95.6% |
| Volatility (ann.) | 37.4% | 60.9% |
| Beta vs S&P 500 | 0.90 | -3.31 |
| Max drawdown (3Y) | -61.3% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 12.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRE | VXX |
|---|---|---|
| 2022 | -20.4% | -23.8% |
| 2023 | +15.6% | -72.5% |
| 2024 | -34.0% | -26.2% |
| 2025 | -7.9% | -42.2% |
| 2026 | +3.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRE and VXX good diversifiers for each other?
Yes. With a correlation of -0.35, ACRE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACRE and VXX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.11 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for ACRE?
Yes. With a correlation of -0.35, ACRE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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/acre-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acre-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACRE correlations · VXX correlations
