HDSN vs VXX: Correlation
Measured on weekly returns over the past three years, Hudson Technologies, Inc. (HDSN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HDSN and VXX?
On 3 years of weekly data the HDSN/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.30). The 5-year figure is -0.26, and annualized covariance runs at -763.8 %².
Among the 12 assets we track against HDSN, VXX sits near the bottom by co-movement, at rank #12. Neither side won the trailing year by much: -46.5% against -49.7%.
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.
HDSN vs VXX: side by side
| HDSN (Hudson Technologies, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -46.5% | -49.7% |
| 5-year return | +68.6% | -95.6% |
| Volatility (ann.) | 41.6% | 60.9% |
| Beta vs S&P 500 | 0.74 | -3.31 |
| Max drawdown (3Y) | -67.6% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HDSN | VXX |
|---|---|---|
| 2022 | +127.9% | -23.8% |
| 2023 | +33.3% | -72.5% |
| 2024 | -58.6% | -26.2% |
| 2025 | +22.8% | -42.2% |
| 2026 | -20.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HDSN and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HDSN and VXX?
The HDSN/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.43, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HDSN?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/hdsn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hdsn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HDSN correlations · VXX correlations
