AMH vs VXZ: Correlation
American Homes 4 Rent (AMH) 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 -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and VXZ?
Across a 3-year window, the weekly returns of AMH and VXZ correlate at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.20) than the 3-year average (-0.35). Stretching to 5 years gives -0.41, with an annualized covariance of -190.2 %².
Out of 12 assets tracked against AMH, VXZ lands near the bottom at #12. The trailing year gives AMH the advantage: -2.1% versus -16.1%, a 14.0-point spread.
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.
AMH vs VXZ: side by side
| AMH (American Homes 4 Rent) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.1% | -16.1% |
| 5-year return | -8.5% | -53.1% |
| Volatility (ann.) | 21.1% | 25.6% |
| Beta vs S&P 500 | 0.43 | -1.31 |
| Max drawdown (3Y) | -29.7% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 3.69% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMH | VXZ |
|---|---|---|
| 2022 | -29.5% | +0.5% |
| 2023 | +22.4% | -44.0% |
| 2024 | +7.0% | -12.7% |
| 2025 | -11.1% | +5.7% |
| 2026 | +6.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMH and VXZ?
As of 2026-08-27, the correlation of weekly returns between AMH and VXZ is -0.35 over 3 years, -0.20 over 1 year and -0.41 over 5 years.
Is VXZ a good diversifier for AMH?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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/amh-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amh-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMH correlations · VXZ correlations
