HBCP vs VXZ: Correlation
Home Bancorp, Inc. (HBCP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBCP and VXZ?
Over the past 3 years, HBCP and VXZ moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.39) runs above the 3-year figure (-0.52). Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -378.9 %².
Among the 16 assets we track against HBCP, VXZ sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months HBCP outperformed by 41.0 percentage points (+24.9% for HBCP against -16.1% for VXZ).
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 VXZ: side by side
| HBCP (Home Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.9% | -16.1% |
| 5-year return | +110.9% | -53.1% |
| Volatility (ann.) | 28.6% | 25.6% |
| Beta vs S&P 500 | 0.82 | -1.31 |
| Max drawdown (3Y) | -21.7% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.76% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBCP | VXZ |
|---|---|---|
| 2022 | -1.2% | +0.5% |
| 2023 | +8.0% | -44.0% |
| 2024 | +12.7% | -12.7% |
| 2025 | +27.9% | +5.7% |
| 2026 | +21.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBCP and VXZ good diversifiers for each other?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HBCP and VXZ?
Using weekly returns as of 2026-08-27: -0.52 over 3 years, with -0.39 over the last year and -0.45 over 5 years.
Is VXZ a good diversifier for HBCP?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/hbcp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hbcp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HBCP correlations · VXZ correlations
