SITC vs VXZ: Correlation
SITE Centers Corp. (SITC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITC and VXZ?
On 3 years of weekly data the SITC/VXZ correlation comes out at -0.45, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.45 over 3 years. The 5-year figure is -0.48, and annualized covariance runs at -285.5 %².
Out of 13 assets tracked against SITC, VXZ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with VXZ ahead by 27.1 points (-43.2% versus -16.1%).
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.
SITC vs VXZ: side by side
| SITC (SITE Centers Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -43.2% | -16.1% |
| 5-year return | -37.3% | -53.1% |
| Volatility (ann.) | 24.9% | 25.6% |
| Beta vs S&P 500 | 0.73 | -1.31 |
| Max drawdown (3Y) | -59.0% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 1.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SITC | VXZ |
|---|---|---|
| 2022 | -2.2% | +0.5% |
| 2023 | +19.2% | -44.0% |
| 2024 | +0.2% | -12.7% |
| 2025 | -15.1% | +5.7% |
| 2026 | -39.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
FAQ
What is the correlation between SITC and VXZ?
As of 2026-08-27, the correlation of weekly returns between SITC and VXZ is -0.45 over 3 years, -0.24 over 1 year and -0.48 over 5 years.
Is VXZ a good diversifier for SITC?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
What does a correlation of -0.45 mean?
A reading of -0.45 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/sitc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sitc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SITC correlations · VXZ correlations
