PSA vs VXX: Correlation
How closely do Public Storage (PSA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSA and VXX?
Over the past 3 years, PSA and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.25). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -355.8 %².
Out of 33 assets tracked against PSA, VXX lands near the bottom at #32. The last year tells two different stories: PSA led by 61.0 percentage points, +11.3% for PSA against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PSA vs VXX: side by side
| PSA (Public Storage) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.3% | -49.7% |
| 5-year return | +20.9% | -95.6% |
| Volatility (ann.) | 23.0% | 60.9% |
| Beta vs S&P 500 | 0.59 | -3.31 |
| Max drawdown (3Y) | -25.6% | -83.3% |
| Market cap | $58.1B | – |
| P/E (trailing) | 30.3 | – |
| Dividend yield | 3.78% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PSA | VXX |
|---|---|---|
| 2022 | -20.2% | -23.8% |
| 2023 | +13.6% | -72.5% |
| 2024 | +2.1% | -26.2% |
| 2025 | -9.7% | -42.2% |
| 2026 | +22.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between PSA and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.12 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for PSA?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/psa-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psa-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PSA correlations · VXX correlations
