H vs VXX: Correlation
How closely do Hyatt Hotels Corporation (H) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are H and VXX?
Over the past 3 years, H and VXX moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.30) than the 3-year average (-0.46). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -839.4 %².
Out of 10 assets tracked against H, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months H outperformed by 69.7 percentage points (+20.0% for H against -49.7% for VXX). One caveat on sizing: VXX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
H vs VXX: side by side
| H (Hyatt Hotels Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.0% | -49.7% |
| 5-year return | +139.1% | -95.6% |
| Volatility (ann.) | 29.7% | 60.9% |
| Beta vs S&P 500 | 1.09 | -3.31 |
| Max drawdown (3Y) | -37.3% | -83.3% |
| Market cap | $16.3B | – |
| P/E (trailing) | 216.6 | – |
| Dividend yield | 0.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | H | VXX |
|---|---|---|
| 2022 | -5.7% | -23.8% |
| 2023 | +44.8% | -72.5% |
| 2024 | +20.9% | -26.2% |
| 2025 | +2.6% | -42.2% |
| 2026 | +8.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are H and VXX good diversifiers for each other?
Yes. With a correlation of -0.46, H and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between H and VXX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.30 over the last year and -0.47 over 5 years.
Is VXX a good diversifier for H?
Yes. With a correlation of -0.46, H and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 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/h-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/h-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: H correlations · VXX correlations
