CBRE vs VXX: Correlation
Measured on weekly returns over the past three years, CBRE Group (CBRE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and VXX?
On 3 years of weekly data the CBRE/VXX correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.43 over 3. The 5-year figure is -0.43, and annualized covariance runs at -788.4 %².
Out of 41 assets tracked against CBRE, VXX lands near the bottom at #40. Correlation aside, the last 12 months split them widely, with CBRE ahead by 40.0 points (-9.7% versus -49.7%). Risk is not evenly split, since VXX carries 2.0 times the volatility of the other side.
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.
CBRE vs VXX: side by side
| CBRE (CBRE Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.7% | -49.7% |
| 5-year return | +53.3% | -95.6% |
| Volatility (ann.) | 30.4% | 60.9% |
| Beta vs S&P 500 | 1.04 | -3.31 |
| Max drawdown (3Y) | -27.4% | -83.3% |
| Market cap | $42.6B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CBRE | VXX |
|---|---|---|
| 2022 | -29.1% | -23.8% |
| 2023 | +21.0% | -72.5% |
| 2024 | +41.0% | -26.2% |
| 2025 | +22.5% | -42.2% |
| 2026 | -8.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, CBRE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBRE and VXX?
The CBRE/VXX correlation stands at -0.43 on a 3-year window (1 year: -0.37, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for CBRE?
Yes. With a correlation of -0.43, CBRE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
A reading of -0.43 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/cbre-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbre-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CBRE correlations · VXX correlations
