HASI vs VXX: Correlation
How closely do HA Sustainable Infrastructure Capital, Inc. (HASI) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HASI and VXX?
Over the past 3 years, HASI and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.27). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -787.0 %².
VXX is close to the least connected end of HASI's tracked universe, ranking #12 of 13. The last year tells two different stories: HASI led by 100.7 percentage points, +51.0% for HASI against -49.7% for VXX.
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.
HASI vs VXX: side by side
| HASI (HA Sustainable Infrastructure Capital, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +51.0% | -49.7% |
| 5-year return | -13.8% | -95.6% |
| Volatility (ann.) | 48.0% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -41.4% | -83.3% |
| Market cap | $5.2B | – |
| P/E (trailing) | 62.0 | – |
| Dividend yield | 4.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HASI | VXX |
|---|---|---|
| 2022 | -43.0% | -23.8% |
| 2023 | +1.5% | -72.5% |
| 2024 | +3.0% | -26.2% |
| 2025 | +23.9% | -42.2% |
| 2026 | +31.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HASI and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, HASI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HASI and VXX?
As of 2026-08-27, the correlation of weekly returns between HASI and VXX is -0.27 over 3 years, -0.12 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for HASI?
Yes. With a correlation of -0.27, HASI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/hasi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hasi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HASI correlations · VXX correlations
