AHR vs VXZ: Correlation
American Healthcare REIT, Inc. (AHR) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHR and VXZ?
Across a 3-year window, the weekly returns of AHR and VXZ correlate at -0.34, 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 (-0.34). Stretching to 5 years gives n/a, with an annualized covariance of -228.2 %².
VXZ is close to the least connected end of AHR's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months AHR outperformed by 51.1 percentage points (+35.0% for AHR 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.
AHR vs VXZ: side by side
| AHR (American Healthcare REIT, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.0% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 26.9% | 25.6% |
| Beta vs S&P 500 | 0.50 | -1.31 |
| Max drawdown (3Y) | -13.6% | -36.4% |
| Market cap | $12.3B | – |
| P/E (trailing) | 84.3 | – |
| Dividend yield | 1.75% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHR | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | +70.0% | +5.7% |
| 2026 | +21.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between AHR and VXZ?
The AHR/VXZ correlation stands at -0.34 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AHR?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ahr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AHR correlations · VXZ correlations
