VICI vs VXX: Correlation
Vici Properties (VICI) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VICI and VXX?
Over the past 3 years, VICI and VXX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.26 over 3. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -282.0 %².
Among the 40 assets we track against VICI, VXX sits near the bottom by co-movement, at rank #39. Correlation aside, the last 12 months split them widely, with VICI ahead by 31.0 points (-18.7% versus -49.7%). Risk is not evenly split, since VXX carries 3.4 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.
VICI vs VXX: side by side
| VICI (Vici Properties) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.7% | -49.7% |
| 5-year return | +9.9% | -95.6% |
| Volatility (ann.) | 18.0% | 60.9% |
| Beta vs S&P 500 | 0.35 | -3.31 |
| Max drawdown (3Y) | -19.1% | -83.3% |
| Market cap | $28.4B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 6.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | VICI | VXX |
|---|---|---|
| 2022 | +13.0% | -23.8% |
| 2023 | +3.6% | -72.5% |
| 2024 | -3.1% | -26.2% |
| 2025 | +1.9% | -42.2% |
| 2026 | -5.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VICI and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VICI and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.21 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for VICI?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/vici-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vici-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VICI correlations · VXX correlations
