IVT vs VXX: Correlation
InvenTrust Properties Corp. (IVT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVT and VXX?
Across a 3-year window, the weekly returns of IVT and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.31). Stretching to 5 years gives -0.08, with an annualized covariance of -339.5 %².
Among the 11 assets we track against IVT, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: IVT led by 63.2 percentage points, +13.5% for IVT against -49.7% for VXX. One caveat on sizing: VXX is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IVT vs VXX: side by side
| IVT (InvenTrust Properties Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.5% | -49.7% |
| 5-year return | +2915.1% | -95.6% |
| Volatility (ann.) | 18.1% | 60.9% |
| Beta vs S&P 500 | 0.34 | -3.31 |
| Max drawdown (3Y) | -15.7% | -83.3% |
| Market cap | $2.5B | – |
| P/E (trailing) | 171.8 | – |
| Dividend yield | 2.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVT | VXX |
|---|---|---|
| 2022 | -10.3% | -23.8% |
| 2023 | +11.0% | -72.5% |
| 2024 | +23.0% | -26.2% |
| 2025 | -3.2% | -42.2% |
| 2026 | +17.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVT and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IVT and VXX?
The IVT/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.10, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IVT?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/ivt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ivt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IVT correlations · VXX correlations
