UDR vs VXX: Correlation
Measured on weekly returns over the past three years, UDR, Inc. (UDR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UDR and VXX?
Across a 3-year window, the weekly returns of UDR and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.38). Stretching to 5 years gives -0.38, with an annualized covariance of -482.1 %².
Out of 32 assets tracked against UDR, VXX lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months UDR outperformed by 49.1 percentage points (-0.6% for UDR against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.9 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.
UDR vs VXX: side by side
| UDR (UDR, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.6% | -49.7% |
| 5-year return | -15.5% | -95.6% |
| Volatility (ann.) | 21.1% | 60.9% |
| Beta vs S&P 500 | 0.54 | -3.31 |
| Max drawdown (3Y) | -24.9% | -83.3% |
| Market cap | $13.6B | – |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 4.56% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | UDR | VXX |
|---|---|---|
| 2022 | -33.4% | -23.8% |
| 2023 | +3.1% | -72.5% |
| 2024 | +18.3% | -26.2% |
| 2025 | -11.8% | -42.2% |
| 2026 | +4.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UDR and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, UDR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UDR and VXX?
The UDR/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.02, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for UDR?
Yes. With a correlation of -0.38, UDR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/udr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/udr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UDR correlations · VXX correlations
