PECO vs VXZ: Correlation
How closely do Phillips Edison & Company, Inc. (PECO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PECO and VXZ?
Over the past 3 years, PECO and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.26 over 3 years. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -115.5 %².
Among the 12 assets we track against PECO, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months PECO outperformed by 33.1 percentage points (+17.0% for PECO 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.
PECO vs VXZ: side by side
| PECO (Phillips Edison & Company, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.0% | -16.1% |
| 5-year return | +53.8% | -53.1% |
| Volatility (ann.) | 17.2% | 25.6% |
| Beta vs S&P 500 | 0.28 | -1.31 |
| Max drawdown (3Y) | -15.8% | -36.4% |
| Market cap | $5.5B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 3.25% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PECO | VXZ |
|---|---|---|
| 2022 | -0.3% | +0.5% |
| 2023 | +18.5% | -44.0% |
| 2024 | +6.2% | -12.7% |
| 2025 | -1.6% | +5.7% |
| 2026 | +12.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PECO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between PECO and VXZ?
The PECO/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.12, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PECO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/peco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peco-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PECO correlations · VXZ correlations
