DBRG vs VXZ: Correlation
DigitalBridge Group, Inc. (DBRG) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBRG and VXZ?
Across a 3-year window, the weekly returns of DBRG and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.39, with an annualized covariance of -466.5 %².
Out of 14 assets tracked against DBRG, VXZ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months DBRG outperformed by 56.0 percentage points (+39.9% for DBRG against -16.1% for VXZ). Note the risk asymmetry: DBRG runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DBRG vs VXZ: side by side
| DBRG (DigitalBridge Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.9% | -16.1% |
| 5-year return | -41.3% | -53.1% |
| Volatility (ann.) | 53.7% | 25.6% |
| Beta vs S&P 500 | 1.50 | -1.31 |
| Max drawdown (3Y) | -67.0% | -36.4% |
| Market cap | $3.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 0.25% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBRG | VXZ |
|---|---|---|
| 2022 | -67.1% | +0.5% |
| 2023 | +60.8% | -44.0% |
| 2024 | -35.5% | -12.7% |
| 2025 | +36.5% | +5.7% |
| 2026 | +4.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBRG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between DBRG and VXZ?
As of 2026-08-27, the correlation of weekly returns between DBRG and VXZ is -0.34 over 3 years, -0.25 over 1 year and -0.39 over 5 years.
Is VXZ a good diversifier for DBRG?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/dbrg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbrg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DBRG correlations · VXZ correlations
