HII vs VXZ: Correlation
Measured on weekly returns over the past three years, Huntington Ingalls Industries (HII) 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 HII and VXZ?
On 3 years of weekly data the HII/VXZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.23 over 3. The 5-year figure is -0.25, and annualized covariance runs at -209.0 %².
Out of 28 assets tracked against HII, VXZ lands near the bottom at #27. The last year tells two different stories: HII led by 25.5 percentage points, +9.4% for HII 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.
HII vs VXZ: side by side
| HII (Huntington Ingalls Industries) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.4% | -16.1% |
| 5-year return | +59.2% | -53.1% |
| Volatility (ann.) | 35.3% | 25.6% |
| Beta vs S&P 500 | 0.84 | -1.31 |
| Max drawdown (3Y) | -45.2% | -36.4% |
| Market cap | $11.7B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.85% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HII | VXZ |
|---|---|---|
| 2022 | +26.3% | +0.5% |
| 2023 | +15.2% | -44.0% |
| 2024 | -25.7% | -12.7% |
| 2025 | +84.2% | +5.7% |
| 2026 | -11.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HII and VXZ good diversifiers for each other?
Yes. With a correlation of -0.23, HII and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HII and VXZ?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.21 over the last year and -0.25 over 5 years.
Is VXZ a good diversifier for HII?
Yes. With a correlation of -0.23, HII and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/hii-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hii-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HII correlations · VXZ correlations
