AEI vs VXZ: Correlation
Measured on weekly returns over the past three years, Alset Inc. (AEI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEI and VXZ?
On 3 years of weekly data the AEI/VXZ correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -515.7 %².
Out of 14 assets tracked against AEI, VXZ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with AEI ahead by 17.5 points (+1.4% versus -16.1%). One caveat on sizing: AEI is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AEI vs VXZ: side by side
| AEI (Alset Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.4% | -16.1% |
| 5-year return | -96.4% | -53.1% |
| Volatility (ann.) | 106.1% | 25.6% |
| Beta vs S&P 500 | 1.79 | -1.31 |
| Max drawdown (3Y) | -76.1% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEI | VXZ |
|---|---|---|
| 2022 | -79.4% | +0.5% |
| 2023 | -55.2% | -44.0% |
| 2024 | -1.0% | -12.7% |
| 2025 | +237.3% | +5.7% |
| 2026 | -57.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEI and VXZ good diversifiers for each other?
Yes. With a correlation of -0.19, AEI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEI and VXZ?
The AEI/VXZ correlation stands at -0.19 on a 3-year window (1 year: -0.22, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AEI?
Yes. With a correlation of -0.19, AEI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/aei-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aei-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEI correlations · VXZ correlations
