ILPT vs VXX: Correlation
Measured on weekly returns over the past three years, Industrial Logistics Properties Trust (ILPT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ILPT and VXX?
Over the past 3 years, ILPT and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.32 over 3 years. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -1150.5 %².
Among the 13 assets we track against ILPT, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: ILPT led by 93.1 percentage points, +43.4% for ILPT against -49.7% for VXX.
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.
ILPT vs VXX: side by side
| ILPT (Industrial Logistics Properties Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +43.4% | -49.7% |
| 5-year return | -65.6% | -95.6% |
| Volatility (ann.) | 59.0% | 60.9% |
| Beta vs S&P 500 | 1.10 | -3.31 |
| Max drawdown (3Y) | -51.1% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ILPT | VXX |
|---|---|---|
| 2022 | -86.5% | -23.8% |
| 2023 | +45.8% | -72.5% |
| 2024 | -21.6% | -26.2% |
| 2025 | +55.5% | -42.2% |
| 2026 | +54.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ILPT and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, ILPT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ILPT and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.13 over the last year and -0.27 over 5 years.
Is VXX a good diversifier for ILPT?
Yes. With a correlation of -0.32, ILPT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/ilpt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ilpt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ILPT correlations · VXX correlations
