HLIT vs VXX: Correlation
Harmonic Inc. (HLIT) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLIT and VXX?
Over the past 3 years, HLIT and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.30). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -861.5 %².
Out of 11 assets tracked against HLIT, VXX lands near the bottom at #11. The last year tells two different stories: HLIT led by 79.1 percentage points, +29.4% for HLIT against -49.7% for VXX.
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.
HLIT vs VXX: side by side
| HLIT (Harmonic Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.4% | -49.7% |
| 5-year return | +34.2% | -95.6% |
| Volatility (ann.) | 46.9% | 60.9% |
| Beta vs S&P 500 | 1.41 | -3.31 |
| Max drawdown (3Y) | -44.3% | -83.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | 51.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLIT | VXX |
|---|---|---|
| 2022 | +11.4% | -23.8% |
| 2023 | -0.5% | -72.5% |
| 2024 | +1.5% | -26.2% |
| 2025 | -25.2% | -42.2% |
| 2026 | +24.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLIT and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HLIT and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.45 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for HLIT?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/hlit-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlit-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLIT correlations · VXX correlations
