BRT vs VXZ: Correlation
Measured on weekly returns over the past three years, BRT Apartments Corp. (MD) (BRT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRT and VXZ?
Across a 3-year window, the weekly returns of BRT and VXZ correlate at -0.51, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.43) sits close to the 3-year figure. Stretching to 5 years gives -0.44, with an annualized covariance of -312.5 %².
Out of 14 assets tracked against BRT, VXZ lands near the bottom at #14. Over the last 12 months BRT came out ahead by 12.9 percentage points (-3.2% 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.
BRT vs VXZ: side by side
| BRT (BRT Apartments Corp. (MD)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.2% | -16.1% |
| 5-year return | -1.1% | -53.1% |
| Volatility (ann.) | 24.0% | 25.6% |
| Beta vs S&P 500 | 0.68 | -1.31 |
| Max drawdown (3Y) | -27.6% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 5.48% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRT | VXZ |
|---|---|---|
| 2022 | -14.4% | +0.5% |
| 2023 | -0.0% | -44.0% |
| 2024 | +2.7% | -12.7% |
| 2025 | -13.3% | +5.7% |
| 2026 | +1.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRT and VXZ good diversifiers for each other?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRT and VXZ?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.43 over the last year and -0.44 over 5 years.
Is VXZ a good diversifier for BRT?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.51 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/brt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRT correlations · VXZ correlations
