ACRE vs VXZ: Correlation
Ares Commercial Real Estate Corporation (ACRE) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRE and VXZ?
Over the past 3 years, ACRE and VXZ moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.22) runs above the 3-year figure (-0.40). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -380.4 %².
Out of 13 assets tracked against ACRE, VXZ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ACRE outperformed by 29.7 percentage points (+13.6% for ACRE 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.
ACRE vs VXZ: side by side
| ACRE (Ares Commercial Real Estate Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.6% | -16.1% |
| 5-year return | -43.9% | -53.1% |
| Volatility (ann.) | 37.4% | 25.6% |
| Beta vs S&P 500 | 0.90 | -1.31 |
| Max drawdown (3Y) | -61.3% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 12.96% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRE | VXZ |
|---|---|---|
| 2022 | -20.4% | +0.5% |
| 2023 | +15.6% | -44.0% |
| 2024 | -34.0% | -12.7% |
| 2025 | -7.9% | +5.7% |
| 2026 | +3.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACRE and VXZ?
As of 2026-08-27, the correlation of weekly returns between ACRE and VXZ is -0.40 over 3 years, -0.22 over 1 year and -0.47 over 5 years.
Is VXZ a good diversifier for ACRE?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/acre-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acre-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACRE correlations · VXZ correlations
