AHT vs VXZ: Correlation
Ashford Hospitality Trust Inc (AHT) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHT and VXZ?
Over the past 3 years, AHT and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -453.2 %².
Among the 11 assets we track against AHT, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with VXZ ahead by 29.3 points (-45.4% versus -16.1%). One caveat on sizing: AHT is 2.6 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.
AHT vs VXZ: side by side
| AHT (Ashford Hospitality Trust Inc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -45.4% | -16.1% |
| 5-year return | -97.7% | -53.1% |
| Volatility (ann.) | 67.7% | 25.6% |
| Beta vs S&P 500 | 1.08 | -1.31 |
| Max drawdown (3Y) | -91.5% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHT | VXZ |
|---|---|---|
| 2022 | -53.4% | +0.5% |
| 2023 | -56.6% | -44.0% |
| 2024 | -62.9% | -12.7% |
| 2025 | -40.8% | +5.7% |
| 2026 | -21.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, AHT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AHT and VXZ?
As of 2026-08-27, the correlation of weekly returns between AHT and VXZ is -0.26 over 3 years, -0.16 over 1 year and -0.31 over 5 years.
Is VXZ a good diversifier for AHT?
Yes. With a correlation of -0.26, AHT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/aht-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aht-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AHT correlations · VXZ correlations
