HAFC vs VXX: Correlation
How closely do Hanmi Financial Corporation (HAFC) 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 -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFC and VXX?
Over the past 3 years, HAFC and VXX moved with a correlation of -0.43, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.27) runs above the 3-year figure (-0.43). Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -847.9 %².
VXX is close to the least connected end of HAFC's tracked universe, ranking #12 of 13. The last year tells two different stories: HAFC led by 77.0 percentage points, +27.3% for HAFC against -49.7% for VXX. One caveat on sizing: VXX is 1.9 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.
HAFC vs VXX: side by side
| HAFC (Hanmi Financial Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.3% | -49.7% |
| 5-year return | +104.5% | -95.6% |
| Volatility (ann.) | 32.5% | 60.9% |
| Beta vs S&P 500 | 0.90 | -3.31 |
| Max drawdown (3Y) | -26.9% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 3.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAFC | VXX |
|---|---|---|
| 2022 | +8.5% | -23.8% |
| 2023 | -17.0% | -72.5% |
| 2024 | +28.7% | -26.2% |
| 2025 | +19.7% | -42.2% |
| 2026 | +18.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFC and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, HAFC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HAFC and VXX?
As of 2026-08-27, the correlation of weekly returns between HAFC and VXX is -0.43 over 3 years, -0.27 over 1 year and -0.38 over 5 years.
Is VXX a good diversifier for HAFC?
Yes. With a correlation of -0.43, HAFC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 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/hafc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hafc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAFC correlations · VXX correlations
