UE vs VXX: Correlation
How closely do Urban Edge Properties (UE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.48, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UE and VXX?
On 3 years of weekly data the UE/VXX correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.24) runs above the 3-year figure (-0.48). The 5-year figure is -0.46, and annualized covariance runs at -683.3 %².
Out of 27 assets tracked against UE, VXX lands near the bottom at #26. Their recent paths diverged sharply: over the last 12 months UE outperformed by 56.6 percentage points (+6.9% for UE against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.6 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.
UE vs VXX: side by side
| UE (Urban Edge Properties) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.9% | -49.7% |
| 5-year return | +37.5% | -95.6% |
| Volatility (ann.) | 23.3% | 60.9% |
| Beta vs S&P 500 | 0.70 | -3.31 |
| Max drawdown (3Y) | -29.7% | -83.3% |
| Market cap | $2.9B | – |
| P/E (trailing) | 40.2 | – |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UE | VXX |
|---|---|---|
| 2022 | -22.8% | -23.8% |
| 2023 | +35.3% | -72.5% |
| 2024 | +21.7% | -26.2% |
| 2025 | -7.2% | -42.2% |
| 2026 | +13.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UE and VXX good diversifiers for each other?
Yes. With a correlation of -0.48, UE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UE and VXX?
As of 2026-08-27, the correlation of weekly returns between UE and VXX is -0.48 over 3 years, -0.24 over 1 year and -0.46 over 5 years.
Is VXX a good diversifier for UE?
Yes. With a correlation of -0.48, UE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 mean?
A reading of -0.48 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/ue-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ue-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UE correlations · VXX correlations
