UHT vs VXX: Correlation
Universal Health Realty Income Trust (UHT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UHT and VXX?
On 3 years of weekly data the UHT/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.31). The 5-year figure is -0.30, and annualized covariance runs at -475.9 %².
VXX is close to the least connected end of UHT's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months UHT outperformed by 59.1 percentage points (+9.4% for UHT against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.4 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.
UHT vs VXX: side by side
| UHT (Universal Health Realty Income Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.4% | -49.7% |
| 5-year return | -3.5% | -95.6% |
| Volatility (ann.) | 25.4% | 60.9% |
| Beta vs S&P 500 | 0.40 | -3.31 |
| Max drawdown (3Y) | -27.9% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 30.2 | – |
| Dividend yield | 7.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UHT | VXX |
|---|---|---|
| 2022 | -15.3% | -23.8% |
| 2023 | -3.6% | -72.5% |
| 2024 | -7.4% | -26.2% |
| 2025 | +13.3% | -42.2% |
| 2026 | +9.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UHT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between UHT and VXX?
As of 2026-08-27, the correlation of weekly returns between UHT and VXX is -0.31 over 3 years, -0.03 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for UHT?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/uht-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uht-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UHT correlations · VXX correlations
