ASR vs VXZ: Correlation
Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) 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 -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASR and VXZ?
On 3 years of weekly data the ASR/VXZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.37 over 3. The 5-year figure is -0.40, and annualized covariance runs at -308.5 %².
VXZ is close to the least connected end of ASR's tracked universe, ranking #13 of 13. Neither side won the trailing year by much: -19.4% against -16.1%.
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.
ASR vs VXZ: side by side
| ASR (Grupo Aeroportuario del Sureste, S.A. de C.V.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.4% | -16.1% |
| 5-year return | +83.2% | -53.1% |
| Volatility (ann.) | 32.3% | 25.6% |
| Beta vs S&P 500 | 0.77 | -1.31 |
| Max drawdown (3Y) | -31.1% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 3.81% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASR | VXZ |
|---|---|---|
| 2022 | +17.0% | +0.5% |
| 2023 | +32.1% | -44.0% |
| 2024 | -9.2% | -12.7% |
| 2025 | +35.6% | +5.7% |
| 2026 | -18.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASR and VXZ?
As of 2026-08-27, the correlation of weekly returns between ASR and VXZ is -0.37 over 3 years, -0.36 over 1 year and -0.40 over 5 years.
Is VXZ a good diversifier for ASR?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
A reading of -0.37 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/asr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASR correlations · VXZ correlations
