DHI vs VXX: Correlation
Measured on weekly returns over the past three years, D. R. Horton (DHI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and VXX?
Across a 3-year window, the weekly returns of DHI and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. Stretching to 5 years gives -0.34, with an annualized covariance of -579.9 %².
Out of 31 assets tracked against DHI, VXX lands near the bottom at #30. Correlation aside, the last 12 months split them widely, with DHI ahead by 37.5 points (-12.2% versus -49.7%). Risk is not evenly split, since VXX carries 1.8 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.
DHI vs VXX: side by side
| DHI (D. R. Horton) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.2% | -49.7% |
| 5-year return | +59.2% | -95.6% |
| Volatility (ann.) | 33.5% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -41.3% | -83.3% |
| Market cap | $40.6B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DHI | VXX |
|---|---|---|
| 2022 | -16.8% | -23.8% |
| 2023 | +72.1% | -72.5% |
| 2024 | -7.2% | -26.2% |
| 2025 | +4.2% | -42.2% |
| 2026 | +1.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, DHI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DHI and VXX?
The DHI/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.34, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DHI?
Yes. With a correlation of -0.28, DHI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/dhi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DHI correlations · VXX correlations
