HFFG vs VXZ: Correlation
Measured on weekly returns over the past three years, HF Foods Group Inc. (HFFG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFFG and VXZ?
On 3 years of weekly data the HFFG/VXZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.23 over 3. The 5-year figure is -0.27, and annualized covariance runs at -398.3 %².
VXZ is close to the least connected end of HFFG's tracked universe, ranking #11 of 13. Correlation aside, the last 12 months split them widely, with VXZ ahead by 32.3 points (-48.4% versus -16.1%). One caveat on sizing: HFFG is 2.6 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.
HFFG vs VXZ: side by side
| HFFG (HF Foods Group Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -48.4% | -16.1% |
| 5-year return | -69.2% | -53.1% |
| Volatility (ann.) | 67.7% | 25.6% |
| Beta vs S&P 500 | 0.86 | -1.31 |
| Max drawdown (3Y) | -75.7% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFFG | VXZ |
|---|---|---|
| 2022 | -52.0% | +0.5% |
| 2023 | +31.5% | -44.0% |
| 2024 | -39.9% | -12.7% |
| 2025 | -33.0% | +5.7% |
| 2026 | -16.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFFG and VXZ good diversifiers for each other?
Yes. With a correlation of -0.23, HFFG and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HFFG and VXZ?
The HFFG/VXZ correlation stands at -0.23 on a 3-year window (1 year: -0.19, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for HFFG?
Yes. With a correlation of -0.23, HFFG and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/hffg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hffg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HFFG correlations · VXZ correlations
