PK vs VXZ: Correlation
How closely do Park Hotels & Resorts Inc. (PK) 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 -0.52, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PK and VXZ?
Over the past 3 years, PK and VXZ moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.38) than the 3-year average (-0.52). Over 5 years the correlation is -0.50, and the annualized covariance of weekly returns is -426.5 %².
VXZ is close to the least connected end of PK's tracked universe, ranking #13 of 13. The last year tells two different stories: PK led by 59.5 percentage points, +43.4% for PK 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.
PK vs VXZ: side by side
| PK (Park Hotels & Resorts Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +43.4% | -16.1% |
| 5-year return | +21.9% | -53.1% |
| Volatility (ann.) | 31.8% | 25.6% |
| Beta vs S&P 500 | 0.99 | -1.31 |
| Max drawdown (3Y) | -44.8% | -36.4% |
| Market cap | $3.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.28% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PK | VXZ |
|---|---|---|
| 2022 | -36.0% | +0.5% |
| 2023 | +49.4% | -44.0% |
| 2024 | +1.0% | -12.7% |
| 2025 | -18.4% | +5.7% |
| 2026 | +56.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PK and VXZ good diversifiers for each other?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PK and VXZ?
The PK/VXZ correlation stands at -0.52 on a 3-year window (1 year: -0.38, 5 years: -0.50), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PK?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/pk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PK correlations · VXZ correlations
