EHI vs VXX: Correlation
Western Asset Global High Income Fund Inc (EHI) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHI and VXX?
On 3 years of weekly data the EHI/VXX correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.60 versus -0.47 over 3 years. The 5-year figure is -0.39, and annualized covariance runs at -325.1 %².
VXX is close to the least connected end of EHI's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with EHI ahead by 49.1 points (-0.6% versus -49.7%). Risk is not evenly split, since VXX carries 5.3 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.
EHI vs VXX: side by side
| EHI (Western Asset Global High Income Fund Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.6% | -49.7% |
| 5-year return | -1.0% | -95.6% |
| Volatility (ann.) | 11.4% | 60.9% |
| Beta vs S&P 500 | 0.45 | -3.31 |
| Max drawdown (3Y) | -16.0% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 8.0 | – |
| Dividend yield | 14.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHI | VXX |
|---|---|---|
| 2022 | -25.2% | -23.8% |
| 2023 | +19.2% | -72.5% |
| 2024 | +4.2% | -26.2% |
| 2025 | +9.1% | -42.2% |
| 2026 | -2.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHI and VXX good diversifiers for each other?
Yes. With a correlation of -0.47, EHI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EHI and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.60 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for EHI?
Yes. With a correlation of -0.47, EHI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 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/ehi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EHI correlations · VXX correlations
