SVC vs VXZ: Correlation
How closely do Service Properties Trust (SVC) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SVC and VXZ?
On 3 years of weekly data the SVC/VXZ correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.25). The 5-year figure is -0.32, and annualized covariance runs at -327.4 %².
VXZ is close to the least connected end of SVC's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with VXZ ahead by 26.7 points (-42.8% versus -16.1%). Risk is not evenly split, since SVC carries 2.0 times the volatility of the other side.
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.
SVC vs VXZ: side by side
| SVC (Service Properties Trust) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -42.8% | -16.1% |
| 5-year return | -82.5% | -53.1% |
| Volatility (ann.) | 51.8% | 25.6% |
| Beta vs S&P 500 | 1.12 | -1.31 |
| Max drawdown (3Y) | -84.7% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.55% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SVC | VXZ |
|---|---|---|
| 2022 | -14.5% | +0.5% |
| 2023 | +29.1% | -44.0% |
| 2024 | -67.3% | -12.7% |
| 2025 | -26.3% | +5.7% |
| 2026 | -15.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SVC and VXZ 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 SVC and VXZ?
The SVC/VXZ correlation stands at -0.25 on a 3-year window (1 year: -0.13, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SVC?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/svc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/svc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SVC correlations · VXZ correlations
