DEA vs VXZ: Correlation
How closely do Easterly Government Properties, Inc. (DEA) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEA and VXZ?
On 3 years of weekly data the DEA/VXZ correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.49 over 1 year against -0.41 over 3. The 5-year figure is -0.43, and annualized covariance runs at -273.2 %².
VXZ is close to the least connected end of DEA's tracked universe, ranking #15 of 15. Correlation aside, the last 12 months split them widely, with DEA ahead by 31.3 points (+15.2% versus -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.
DEA vs VXZ: side by side
| DEA (Easterly Government Properties, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.2% | -16.1% |
| 5-year return | -33.0% | -53.1% |
| Volatility (ann.) | 25.9% | 25.6% |
| Beta vs S&P 500 | 0.47 | -1.31 |
| Max drawdown (3Y) | -42.2% | -36.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | 129.4 | – |
| Dividend yield | 7.27% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEA | VXZ |
|---|---|---|
| 2022 | -34.0% | +0.5% |
| 2023 | +1.8% | -44.0% |
| 2024 | -7.9% | -12.7% |
| 2025 | -18.6% | +5.7% |
| 2026 | +22.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.41, DEA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DEA and VXZ?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.49 over the last year and -0.43 over 5 years.
Is VXZ a good diversifier for DEA?
Yes. With a correlation of -0.41, DEA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
A reading of -0.41 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/dea-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dea-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEA correlations · VXZ correlations
