VXX vs WHLR: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Wheeler Real Estate Investment Trust, Inc. (WHLR) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WHLR?
Over the past 3 years, VXX and WHLR moved with a correlation of 0.20, which is weak. The past 12 months show a weaker link (-0.09) than the 3-year average (0.20). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 6794.0 %².
Few assets follow VXX as closely as WHLR, which ranks #3 of 2872 tracked partners. Their recent paths diverged sharply: over the last 12 months VXX outperformed by 50.3 percentage points (-49.7% for VXX against -100.0% for WHLR). Risk is not evenly split, since WHLR carries 8.9 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.
VXX vs WHLR: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | -100.0% |
| 5-year return | -95.6% | -100.0% |
| Volatility (ann.) | 60.9% | 545.0% |
| Beta vs S&P 500 | -3.31 | -5.84 |
| Max drawdown (3Y) | -83.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WHLR |
|---|---|---|
| 2022 | -23.8% | -28.0% |
| 2023 | -72.5% | -98.4% |
| 2024 | -26.2% | -98.4% |
| 2025 | -42.2% | -100.0% |
| 2026 | -31.6% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WHLR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between VXX and WHLR?
The VXX/WHLR correlation stands at 0.20 on a 3-year window (1 year: -0.09, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for VXX?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: VXX correlations · WHLR correlations
