HII vs VXX: Correlation
Measured on weekly returns over the past three years, Huntington Ingalls Industries (HII) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HII and VXX?
On 3 years of weekly data the HII/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.25 over 3. The 5-year figure is -0.25, and annualized covariance runs at -532.1 %².
Out of 28 assets tracked against HII, VXX lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months HII outperformed by 59.1 percentage points (+9.4% for HII against -49.7% for VXX). One caveat on sizing: VXX is 1.7 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.
HII vs VXX: side by side
| HII (Huntington Ingalls Industries) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.4% | -49.7% |
| 5-year return | +59.2% | -95.6% |
| Volatility (ann.) | 35.3% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -45.2% | -83.3% |
| Market cap | $11.7B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.85% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HII | VXX |
|---|---|---|
| 2022 | +26.3% | -23.8% |
| 2023 | +15.2% | -72.5% |
| 2024 | -25.7% | -26.2% |
| 2025 | +84.2% | -42.2% |
| 2026 | -11.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HII and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, HII and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HII and VXX?
As of 2026-08-27, the correlation of weekly returns between HII and VXX is -0.25 over 3 years, -0.25 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for HII?
Yes. With a correlation of -0.25, HII and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/hii-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hii-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HII correlations · VXX correlations
