HLMN vs VXX: Correlation
Hillman Solutions Corp. (HLMN) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLMN and VXX?
Over the past 3 years, HLMN and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.38). Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -839.0 %².
Out of 19 assets tracked against HLMN, VXX lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with HLMN ahead by 28.4 points (-21.3% versus -49.7%). Risk is not evenly split, since VXX carries 1.7 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.
HLMN vs VXX: side by side
| HLMN (Hillman Solutions Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.3% | -49.7% |
| 5-year return | -33.4% | -95.6% |
| Volatility (ann.) | 36.7% | 60.9% |
| Beta vs S&P 500 | 1.01 | -3.31 |
| Max drawdown (3Y) | -42.3% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 39.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLMN | VXX |
|---|---|---|
| 2022 | -32.9% | -23.8% |
| 2023 | +27.7% | -72.5% |
| 2024 | +5.8% | -26.2% |
| 2025 | -11.1% | -42.2% |
| 2026 | -9.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLMN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between HLMN and VXX?
As of 2026-08-27, the correlation of weekly returns between HLMN and VXX is -0.38 over 3 years, -0.05 over 1 year and -0.33 over 5 years.
Is VXX a good diversifier for HLMN?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
A reading of -0.38 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/hlmn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlmn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLMN correlations · VXX correlations
