RLJ vs VXZ: Correlation
Measured on weekly returns over the past three years, RLJ Lodging Trust (RLJ) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RLJ and VXZ?
Across a 3-year window, the weekly returns of RLJ and VXZ correlate at -0.46, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.46). Stretching to 5 years gives -0.48, with an annualized covariance of -319.0 %².
Among the 17 assets we track against RLJ, VXZ sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months RLJ outperformed by 72.9 percentage points (+56.8% for RLJ 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.
RLJ vs VXZ: side by side
| RLJ (RLJ Lodging Trust) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.8% | -16.1% |
| 5-year return | -2.6% | -53.1% |
| Volatility (ann.) | 27.0% | 25.6% |
| Beta vs S&P 500 | 0.76 | -1.31 |
| Max drawdown (3Y) | -44.2% | -36.4% |
| Market cap | $1.7B | – |
| P/E (trailing) | 1138.0 | – |
| Dividend yield | 5.24% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RLJ | VXZ |
|---|---|---|
| 2022 | -23.1% | +0.5% |
| 2023 | +14.6% | -44.0% |
| 2024 | -8.4% | -12.7% |
| 2025 | -21.0% | +5.7% |
| 2026 | +57.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RLJ and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between RLJ and VXZ?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.18 over the last year and -0.48 over 5 years.
Is VXZ a good diversifier for RLJ?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 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/rlj-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rlj-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RLJ correlations · VXZ correlations
