ARL vs VXX: Correlation
American Realty Investors, Inc. (ARL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARL and VXX?
Over the past 3 years, ARL and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.28 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -900.5 %².
Among the 10 assets we track against ARL, VXX sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with ARL ahead by 46.9 points (-2.8% versus -49.7%).
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.
ARL vs VXX: side by side
| ARL (American Realty Investors, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.8% | -49.7% |
| 5-year return | +36.2% | -95.6% |
| Volatility (ann.) | 52.7% | 60.9% |
| Beta vs S&P 500 | 0.99 | -3.31 |
| Max drawdown (3Y) | -57.8% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARL | VXX |
|---|---|---|
| 2022 | +102.8% | -23.8% |
| 2023 | -32.1% | -72.5% |
| 2024 | -15.7% | -26.2% |
| 2025 | +9.4% | -42.2% |
| 2026 | -6.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARL 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 ARL and VXX?
As of 2026-08-27, the correlation of weekly returns between ARL and VXX is -0.28 over 3 years, -0.01 over 1 year and -0.17 over 5 years.
Is VXX a good diversifier for ARL?
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?
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/arl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARL correlations · VXX correlations
