HCKT vs VXX: Correlation
The Hackett Group, Inc. (HCKT) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCKT and VXX?
On 3 years of weekly data the HCKT/VXX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. The 5-year figure is -0.31, and annualized covariance runs at -653.4 %².
VXX is close to the least connected end of HCKT's tracked universe, ranking #19 of 20. The trailing year gives HCKT the advantage: -44.1% versus -49.7%, a 5.6-point spread. One caveat on sizing: VXX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HCKT vs VXX: side by side
| HCKT (The Hackett Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -44.1% | -49.7% |
| 5-year return | -35.3% | -95.6% |
| Volatility (ann.) | 37.5% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -70.5% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 4.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCKT | VXX |
|---|---|---|
| 2022 | +1.5% | -23.8% |
| 2023 | +14.1% | -72.5% |
| 2024 | +37.3% | -26.2% |
| 2025 | -34.7% | -42.2% |
| 2026 | -41.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and VXX good diversifiers for each other?
Yes. With a correlation of -0.29, HCKT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HCKT and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.20 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for HCKT?
Yes. With a correlation of -0.29, HCKT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/hckt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hckt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HCKT correlations · VXX correlations
