EPR vs VXZ: Correlation
EPR Properties (EPR) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPR and VXZ?
Across a 3-year window, the weekly returns of EPR and VXZ correlate at -0.38, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.38 over 3. Stretching to 5 years gives -0.44, with an annualized covariance of -235.1 %².
Among the 12 assets we track against EPR, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months EPR outperformed by 32.0 percentage points (+15.9% for EPR 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.
EPR vs VXZ: side by side
| EPR (EPR Properties) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.9% | -16.1% |
| 5-year return | +67.8% | -53.1% |
| Volatility (ann.) | 24.0% | 25.6% |
| Beta vs S&P 500 | 0.62 | -1.31 |
| Max drawdown (3Y) | -19.5% | -36.4% |
| Market cap | $4.6B | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 6.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPR | VXZ |
|---|---|---|
| 2022 | -14.6% | +0.5% |
| 2023 | +38.8% | -44.0% |
| 2024 | -1.3% | -12.7% |
| 2025 | +20.5% | +5.7% |
| 2026 | +24.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between EPR and VXZ?
As of 2026-08-27, the correlation of weekly returns between EPR and VXZ is -0.38 over 3 years, -0.32 over 1 year and -0.44 over 5 years.
Is VXZ a good diversifier for EPR?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/epr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EPR correlations · VXZ correlations
