NTST vs VXZ: Correlation
Measured on weekly returns over the past three years, NetSTREIT Corp. (NTST) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) 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 NTST and VXZ?
Across a 3-year window, the weekly returns of NTST and VXZ correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.32 over 3 years. Stretching to 5 years gives -0.38, with an annualized covariance of -189.4 %².
Out of 14 assets tracked against NTST, VXZ lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months NTST outperformed by 33.1 percentage points (+17.0% for NTST 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.
NTST vs VXZ: side by side
| NTST (NetSTREIT Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.0% | -16.1% |
| 5-year return | -2.0% | -53.1% |
| Volatility (ann.) | 23.4% | 25.6% |
| Beta vs S&P 500 | 0.44 | -1.31 |
| Max drawdown (3Y) | -23.0% | -36.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | 146.6 | – |
| Dividend yield | 4.19% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTST | VXZ |
|---|---|---|
| 2022 | -16.8% | +0.5% |
| 2023 | +2.1% | -44.0% |
| 2024 | -16.7% | -12.7% |
| 2025 | +31.2% | +5.7% |
| 2026 | +18.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTST and VXZ good diversifiers for each other?
Yes. With a correlation of -0.32, NTST and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NTST and VXZ?
As of 2026-08-27, the correlation of weekly returns between NTST and VXZ is -0.32 over 3 years, -0.16 over 1 year and -0.38 over 5 years.
Is VXZ a good diversifier for NTST?
Yes. With a correlation of -0.32, NTST and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/ntst-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntst-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTST correlations · VXZ correlations
