HST vs VXZ: Correlation
Host Hotels & Resorts (HST) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and VXZ?
Across a 3-year window, the weekly returns of HST and VXZ correlate at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.23) than the 3-year average (-0.47). Stretching to 5 years gives -0.46, with an annualized covariance of -290.2 %².
Among the 37 assets we track against HST, VXZ sits near the bottom by co-movement, at rank #37. Correlation aside, the last 12 months split them widely, with HST ahead by 55.3 points (+39.2% 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.
HST vs VXZ: side by side
| HST (Host Hotels & Resorts) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.2% | -16.1% |
| 5-year return | +73.4% | -53.1% |
| Volatility (ann.) | 24.2% | 25.6% |
| Beta vs S&P 500 | 0.78 | -1.31 |
| Max drawdown (3Y) | -36.0% | -36.4% |
| Market cap | $15.5B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 3.57% | – |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | HST | VXZ |
|---|---|---|
| 2022 | -4.6% | +0.5% |
| 2023 | +27.6% | -44.0% |
| 2024 | -5.5% | -12.7% |
| 2025 | +7.2% | +5.7% |
| 2026 | +32.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between HST and VXZ?
As of 2026-08-27, the correlation of weekly returns between HST and VXZ is -0.47 over 3 years, -0.23 over 1 year and -0.46 over 5 years.
Is VXZ a good diversifier for HST?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/hst-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hst-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HST correlations · VXZ correlations
