ILPT vs VXZ: Correlation
Measured on weekly returns over the past three years, Industrial Logistics Properties Trust (ILPT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ILPT and VXZ?
On 3 years of weekly data the ILPT/VXZ correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.36). The 5-year figure is -0.35, and annualized covariance runs at -539.7 %².
VXZ is close to the least connected end of ILPT's tracked universe, ranking #13 of 13. Correlation aside, the last 12 months split them widely, with ILPT ahead by 59.5 points (+43.4% versus -16.1%). Note the risk asymmetry: ILPT runs 2.3 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.
ILPT vs VXZ: side by side
| ILPT (Industrial Logistics Properties Trust) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +43.4% | -16.1% |
| 5-year return | -65.6% | -53.1% |
| Volatility (ann.) | 59.0% | 25.6% |
| Beta vs S&P 500 | 1.10 | -1.31 |
| Max drawdown (3Y) | -51.1% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.97% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ILPT | VXZ |
|---|---|---|
| 2022 | -86.5% | +0.5% |
| 2023 | +45.8% | -44.0% |
| 2024 | -21.6% | -12.7% |
| 2025 | +55.5% | +5.7% |
| 2026 | +54.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ILPT and VXZ good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ILPT and VXZ?
The ILPT/VXZ correlation stands at -0.36 on a 3-year window (1 year: -0.22, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ILPT?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ilpt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ILPT correlations · VXZ correlations
