HAPN vs VXX: Correlation
How closely do Happen, Inc. (HAPN) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAPN and VXX?
On 3 years of weekly data the HAPN/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.45 over 1 year against -0.41 over 3. The 5-year figure is -0.40, and annualized covariance runs at -1276.2 %².
Among the 15 assets we track against HAPN, VXX sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with HAPN ahead by 59.4 points (+9.7% versus -49.7%).
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.
HAPN vs VXX: side by side
| HAPN (Happen, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.7% | -49.7% |
| 5-year return | -35.2% | -95.6% |
| Volatility (ann.) | 51.5% | 60.9% |
| Beta vs S&P 500 | 1.56 | -3.31 |
| Max drawdown (3Y) | -52.2% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAPN | VXX |
|---|---|---|
| 2022 | -63.6% | -23.8% |
| 2023 | -0.7% | -72.5% |
| 2024 | +85.2% | -26.2% |
| 2025 | +17.0% | -42.2% |
| 2026 | -2.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAPN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAPN and VXX?
The HAPN/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.45, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HAPN?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/hapn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hapn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAPN correlations · VXX correlations
