AHR vs VXX: Correlation
How closely do American Healthcare REIT, Inc. (AHR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHR and VXX?
Across a 3-year window, the weekly returns of AHR and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.28). Stretching to 5 years gives n/a, with an annualized covariance of -469.3 %².
Among the 11 assets we track against AHR, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months AHR outperformed by 84.7 percentage points (+35.0% for AHR against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.3 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.
AHR vs VXX: side by side
| AHR (American Healthcare REIT, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.0% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 26.9% | 60.9% |
| Beta vs S&P 500 | 0.50 | -3.31 |
| Max drawdown (3Y) | -13.6% | -83.3% |
| Market cap | $12.3B | – |
| P/E (trailing) | 84.3 | – |
| Dividend yield | 1.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHR | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | +70.0% | -42.2% |
| 2026 | +21.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between AHR and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is VXX a good diversifier for AHR?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/ahr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ahr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AHR correlations · VXX correlations
