BRX vs VXZ: Correlation
How closely do Brixmor Property Group Inc. (BRX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.45, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and VXZ?
Over the past 3 years, BRX and VXZ moved with a correlation of -0.45, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.45 over 3 years. Over 5 years the correlation is -0.50, and the annualized covariance of weekly returns is -235.8 %².
Among the 25 assets we track against BRX, VXZ sits near the bottom by co-movement, at rank #25. The last year tells two different stories: BRX led by 24.5 percentage points, +8.4% for BRX against -16.1% for VXZ.
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.
BRX vs VXZ: side by side
| BRX (Brixmor Property Group Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.4% | -16.1% |
| 5-year return | +55.9% | -53.1% |
| Volatility (ann.) | 20.7% | 25.6% |
| Beta vs S&P 500 | 0.56 | -1.31 |
| Max drawdown (3Y) | -22.4% | -36.4% |
| Market cap | $8.9B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 4.12% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRX | VXZ |
|---|---|---|
| 2022 | -6.8% | +0.5% |
| 2023 | +7.7% | -44.0% |
| 2024 | +25.2% | -12.7% |
| 2025 | -1.7% | +5.7% |
| 2026 | +14.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and VXZ good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRX and VXZ?
The BRX/VXZ correlation stands at -0.45 on a 3-year window (1 year: -0.13, 5 years: -0.50), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BRX?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 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/brx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRX correlations · VXZ correlations
