HAS vs VXZ: Correlation
How closely do Hasbro (HAS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and VXZ?
Over the past 3 years, HAS and VXZ moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -234.5 %².
VXZ is close to the least connected end of HAS's tracked universe, ranking #35 of 36. Correlation aside, the last 12 months split them widely, with HAS ahead by 35.3 points (+19.2% versus -16.1%).
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.
HAS vs VXZ: side by side
| HAS (Hasbro) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.2% | -16.1% |
| 5-year return | +17.1% | -53.1% |
| Volatility (ann.) | 31.7% | 25.6% |
| Beta vs S&P 500 | 0.86 | -1.31 |
| Max drawdown (3Y) | -40.3% | -36.4% |
| Market cap | $13.3B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.91% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HAS | VXZ |
|---|---|---|
| 2022 | -37.9% | +0.5% |
| 2023 | -11.9% | -44.0% |
| 2024 | +14.8% | -12.7% |
| 2025 | +52.5% | +5.7% |
| 2026 | +17.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and VXZ good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAS and VXZ?
As of 2026-08-27, the correlation of weekly returns between HAS and VXZ is -0.29 over 3 years, -0.20 over 1 year and -0.33 over 5 years.
Is VXZ a good diversifier for HAS?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/has-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/has-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAS correlations · VXZ correlations
