HIG vs VXZ: Correlation
Measured on weekly returns over the past three years, Hartford (The) (HIG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and VXZ?
On 3 years of weekly data the HIG/VXZ correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.35). The 5-year figure is -0.41, and annualized covariance runs at -176.5 %².
Among the 49 assets we track against HIG, VXZ sits near the bottom by co-movement, at rank #49. The last year tells two different stories: HIG led by 21.5 percentage points, +5.4% for HIG against -16.1% for VXZ.
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 VXZ: side by side
| HIG (Hartford (The)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.4% | -16.1% |
| 5-year return | +127.4% | -53.1% |
| Volatility (ann.) | 19.5% | 25.6% |
| Beta vs S&P 500 | 0.39 | -1.31 |
| Max drawdown (3Y) | -13.7% | -36.4% |
| Market cap | $37.3B | – |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 1.66% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HIG | VXZ |
|---|---|---|
| 2022 | +12.3% | +0.5% |
| 2023 | +8.5% | -44.0% |
| 2024 | +38.5% | -12.7% |
| 2025 | +28.1% | +5.7% |
| 2026 | +0.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between HIG and VXZ?
The HIG/VXZ correlation stands at -0.35 on a 3-year window (1 year: -0.10, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for HIG?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hig-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hig-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIG correlations · VXZ correlations
