PEB vs VXX: Correlation
Pebblebrook Hotel Trust (PEB) 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 -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEB and VXX?
Over the past 3 years, PEB and VXX moved with a correlation of -0.49, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.49 over 3 years. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -1050.7 %².
Among the 15 assets we track against PEB, VXX sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months PEB outperformed by 112.8 percentage points (+63.1% for PEB against -49.7% for VXX). One caveat on sizing: VXX is 1.7 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.
PEB vs VXX: side by side
| PEB (Pebblebrook Hotel Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +63.1% | -49.7% |
| 5-year return | -14.2% | -95.6% |
| Volatility (ann.) | 35.5% | 60.9% |
| Beta vs S&P 500 | 1.16 | -3.31 |
| Max drawdown (3Y) | -53.4% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEB | VXX |
|---|---|---|
| 2022 | -40.0% | -23.8% |
| 2023 | +19.7% | -72.5% |
| 2024 | -15.0% | -26.2% |
| 2025 | -16.1% | -42.2% |
| 2026 | +61.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEB and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEB and VXX?
Using weekly returns as of 2026-08-27: -0.49 over 3 years, with -0.16 over the last year and -0.44 over 5 years.
Is VXX a good diversifier for PEB?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/peb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PEB correlations · VXX correlations
