HIG vs VXX: Correlation
Hartford (The) (HIG) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and VXX?
On 3 years of weekly data the HIG/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.31). The 5-year figure is -0.35, and annualized covariance runs at -366.7 %².
VXX is close to the least connected end of HIG's tracked universe, ranking #48 of 49. Correlation aside, the last 12 months split them widely, with HIG ahead by 55.1 points (+5.4% versus -49.7%). Risk is not evenly split, since VXX carries 3.1 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.
HIG vs VXX: side by side
| HIG (Hartford (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.4% | -49.7% |
| 5-year return | +127.4% | -95.6% |
| Volatility (ann.) | 19.5% | 60.9% |
| Beta vs S&P 500 | 0.39 | -3.31 |
| Max drawdown (3Y) | -13.7% | -83.3% |
| Market cap | $37.3B | – |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HIG | VXX |
|---|---|---|
| 2022 | +12.3% | -23.8% |
| 2023 | +8.5% | -72.5% |
| 2024 | +38.5% | -26.2% |
| 2025 | +28.1% | -42.2% |
| 2026 | +0.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, HIG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HIG and VXX?
As of 2026-08-27, the correlation of weekly returns between HIG and VXX is -0.31 over 3 years, -0.03 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for HIG?
Yes. With a correlation of -0.31, HIG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/hig-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hig-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HIG correlations · VXX correlations
