RA vs VXZ: Correlation
How closely do Brookfield Real Assets Income Fund Inc. (RA) 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 -0.50, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RA and VXZ?
Across a 3-year window, the weekly returns of RA and VXZ correlate at -0.50, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.58) sits close to the 3-year figure. Stretching to 5 years gives -0.27, with an annualized covariance of -112.2 %².
Out of 11 assets tracked against RA, VXZ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with RA ahead by 20.7 points (+4.6% versus -16.1%). One caveat on sizing: VXZ is 2.9 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.
RA vs VXZ: side by side
| RA (Brookfield Real Assets Income Fund Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +4.6% | -16.1% |
| 5-year return | +3.5% | -53.1% |
| Volatility (ann.) | 8.8% | 25.6% |
| Beta vs S&P 500 | 0.32 | -1.31 |
| Max drawdown (3Y) | -27.7% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RA | VXZ |
|---|---|---|
| 2022 | -13.5% | +0.5% |
| 2023 | -9.0% | -44.0% |
| 2024 | +15.9% | -12.7% |
| 2025 | +8.3% | +5.7% |
| 2026 | +4.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RA and VXZ good diversifiers for each other?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RA and VXZ?
Using weekly returns as of 2026-08-27: -0.50 over 3 years, with -0.58 over the last year and -0.27 over 5 years.
Is VXZ a good diversifier for RA?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.50 mean?
On the −1 to +1 scale, -0.50 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/ra-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ra-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RA correlations · VXZ correlations
