HBAN vs VXX: Correlation
Huntington Bancshares (HBAN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and VXX?
Over the past 3 years, HBAN and VXX moved with a correlation of -0.56, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.40) runs above the 3-year figure (-0.56). Over 5 years the correlation is -0.52, and the annualized covariance of weekly returns is -1008.2 %².
Among the 55 assets we track against HBAN, VXX sits near the bottom by co-movement, at rank #54. Correlation aside, the last 12 months split them widely, with HBAN ahead by 48.0 points (-1.7% versus -49.7%). Risk is not evenly split, since VXX carries 2.0 times the volatility of the other side.
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.
HBAN vs VXX: side by side
| HBAN (Huntington Bancshares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.7% | -49.7% |
| 5-year return | +36.8% | -95.6% |
| Volatility (ann.) | 29.8% | 60.9% |
| Beta vs S&P 500 | 1.07 | -3.31 |
| Max drawdown (3Y) | -30.0% | -83.3% |
| Market cap | $34.1B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HBAN | VXX |
|---|---|---|
| 2022 | -4.4% | -23.8% |
| 2023 | -4.7% | -72.5% |
| 2024 | +33.7% | -26.2% |
| 2025 | +10.8% | -42.2% |
| 2026 | -0.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and VXX good diversifiers for each other?
Yes. With a correlation of -0.56, HBAN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HBAN and VXX?
Using weekly returns as of 2026-08-27: -0.56 over 3 years, with -0.40 over the last year and -0.52 over 5 years.
Is VXX a good diversifier for HBAN?
Yes. With a correlation of -0.56, HBAN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hban-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hban-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HBAN correlations · VXX correlations
