AKR vs VXX: Correlation
How closely do Acadia Realty Trust (AKR) 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 -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and VXX?
Across a 3-year window, the weekly returns of AKR and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.23) than the 3-year average (-0.39). Stretching to 5 years gives -0.40, with an annualized covariance of -596.6 %².
Out of 17 assets tracked against AKR, VXX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with AKR ahead by 58.7 points (+9.0% versus -49.7%). One caveat on sizing: VXX is 2.4 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.
AKR vs VXX: side by side
| AKR (Acadia Realty Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.0% | -49.7% |
| 5-year return | +21.0% | -95.6% |
| Volatility (ann.) | 24.9% | 60.9% |
| Beta vs S&P 500 | 0.71 | -3.31 |
| Max drawdown (3Y) | -31.8% | -83.3% |
| Market cap | $3.0B | – |
| P/E (trailing) | 59.7 | – |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKR | VXX |
|---|---|---|
| 2022 | -31.2% | -23.8% |
| 2023 | +24.4% | -72.5% |
| 2024 | +47.7% | -26.2% |
| 2025 | -11.5% | -42.2% |
| 2026 | +3.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKR and VXX?
The AKR/VXX correlation stands at -0.39 on a 3-year window (1 year: -0.23, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AKR?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 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/akr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKR correlations · VXX correlations
