HBCP vs VXX: Correlation
Measured on weekly returns over the past three years, Home Bancorp, Inc. (HBCP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBCP and VXX?
On 3 years of weekly data the HBCP/VXX correlation comes out at -0.51, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.29) runs above the 3-year figure (-0.51). The 5-year figure is -0.43, and annualized covariance runs at -890.7 %².
Among the 16 assets we track against HBCP, VXX sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with HBCP ahead by 74.6 points (+24.9% versus -49.7%). Note the risk asymmetry: VXX runs 2.1 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.
HBCP vs VXX: side by side
| HBCP (Home Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.9% | -49.7% |
| 5-year return | +110.9% | -95.6% |
| Volatility (ann.) | 28.6% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -21.7% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBCP | VXX |
|---|---|---|
| 2022 | -1.2% | -23.8% |
| 2023 | +8.0% | -72.5% |
| 2024 | +12.7% | -26.2% |
| 2025 | +27.9% | -42.2% |
| 2026 | +21.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBCP and VXX good diversifiers for each other?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HBCP and VXX?
The HBCP/VXX correlation stands at -0.51 on a 3-year window (1 year: -0.29, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HBCP?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.51 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/hbcp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hbcp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HBCP correlations · VXX correlations
