HAYW vs VXX: Correlation
Measured on weekly returns over the past three years, Hayward Holdings, Inc. (HAYW) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAYW and VXX?
On 3 years of weekly data the HAYW/VXX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.38 over 1 year against -0.35 over 3. The 5-year figure is -0.36, and annualized covariance runs at -668.8 %².
Among the 14 assets we track against HAYW, VXX sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months HAYW outperformed by 37.3 percentage points (-12.4% for HAYW against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HAYW vs VXX: side by side
| HAYW (Hayward Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.4% | -49.7% |
| 5-year return | -33.8% | -95.6% |
| Volatility (ann.) | 31.5% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -31.8% | -83.3% |
| Market cap | $3.0B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAYW | VXX |
|---|---|---|
| 2022 | -64.2% | -23.8% |
| 2023 | +44.7% | -72.5% |
| 2024 | +12.4% | -26.2% |
| 2025 | +1.0% | -42.2% |
| 2026 | -7.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAYW and VXX good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAYW and VXX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.38 over the last year and -0.36 over 5 years.
Is VXX a good diversifier for HAYW?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
A reading of -0.35 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/hayw-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hayw-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAYW correlations · VXX correlations
