HGV vs VXX: Correlation
Hilton Grand Vacations Inc. (HGV) 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 -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGV and VXX?
On 3 years of weekly data the HGV/VXX correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.53) sits close to the 3-year figure. The 5-year figure is -0.47, and annualized covariance runs at -1076.7 %².
VXX is close to the least connected end of HGV's tracked universe, ranking #37 of 37. Their recent paths diverged sharply: over the last 12 months HGV outperformed by 42.5 percentage points (-7.2% for HGV against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.7 times the volatility of the other side.
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.
HGV vs VXX: side by side
| HGV (Hilton Grand Vacations Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.2% | -49.7% |
| 5-year return | +1.7% | -95.6% |
| Volatility (ann.) | 36.3% | 60.9% |
| Beta vs S&P 500 | 1.38 | -3.31 |
| Max drawdown (3Y) | -34.6% | -83.3% |
| Market cap | $3.4B | – |
| P/E (trailing) | 25.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HGV | VXX |
|---|---|---|
| 2022 | -26.0% | -23.8% |
| 2023 | +4.3% | -72.5% |
| 2024 | -3.1% | -26.2% |
| 2025 | +14.9% | -42.2% |
| 2026 | -2.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGV and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
FAQ
What is the correlation between HGV and VXX?
As of 2026-08-27, the correlation of weekly returns between HGV and VXX is -0.49 over 3 years, -0.53 over 1 year and -0.47 over 5 years.
Is VXX a good diversifier for HGV?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
What does a correlation of -0.49 mean?
A reading of -0.49 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/hgv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hgv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HGV correlations · VXX correlations
