PEB vs VXZ: Correlation
Measured on weekly returns over the past three years, Pebblebrook Hotel Trust (PEB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.48, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEB and VXZ?
On 3 years of weekly data the PEB/VXZ correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.48). The 5-year figure is -0.46, and annualized covariance runs at -434.6 %².
VXZ is close to the least connected end of PEB's tracked universe, ranking #14 of 15. The last year tells two different stories: PEB led by 79.2 percentage points, +63.1% for PEB 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.
PEB vs VXZ: side by side
| PEB (Pebblebrook Hotel Trust) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +63.1% | -16.1% |
| 5-year return | -14.2% | -53.1% |
| Volatility (ann.) | 35.5% | 25.6% |
| Beta vs S&P 500 | 1.16 | -1.31 |
| Max drawdown (3Y) | -53.4% | -36.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.22% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEB | VXZ |
|---|---|---|
| 2022 | -40.0% | +0.5% |
| 2023 | +19.7% | -44.0% |
| 2024 | -15.0% | -12.7% |
| 2025 | -16.1% | +5.7% |
| 2026 | +61.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEB and VXZ good diversifiers for each other?
Yes: at -0.48, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEB and VXZ?
As of 2026-08-27, the correlation of weekly returns between PEB and VXZ is -0.48 over 3 years, -0.27 over 1 year and -0.46 over 5 years.
Is VXZ a good diversifier for PEB?
Yes: at -0.48, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.48 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/peb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEB correlations · VXZ correlations
