CSGP vs VXZ: Correlation
Measured on weekly returns over the past three years, CoStar Group (CSGP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSGP and VXZ?
Across a 3-year window, the weekly returns of CSGP and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.30 over 3 years. Stretching to 5 years gives -0.37, with an annualized covariance of -280.8 %².
Out of 34 assets tracked against CSGP, VXZ lands near the bottom at #34. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 48.9 percentage points (-65.0% for CSGP 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.
CSGP vs VXZ: side by side
| CSGP (CoStar Group) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -65.0% | -16.1% |
| 5-year return | -62.7% | -53.1% |
| Volatility (ann.) | 36.5% | 25.6% |
| Beta vs S&P 500 | 0.86 | -1.31 |
| Max drawdown (3Y) | -72.2% | -36.4% |
| Market cap | $12.7B | – |
| P/E (trailing) | 174.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CSGP | VXZ |
|---|---|---|
| 2022 | -2.2% | +0.5% |
| 2023 | +13.1% | -44.0% |
| 2024 | -18.1% | -12.7% |
| 2025 | -6.1% | +5.7% |
| 2026 | -53.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSGP and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, CSGP and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CSGP and VXZ?
The CSGP/VXZ correlation stands at -0.30 on a 3-year window (1 year: -0.14, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CSGP?
Yes. With a correlation of -0.30, CSGP and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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/csgp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csgp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSGP correlations · VXZ correlations
