HLT vs VXX: Correlation
Measured on weekly returns over the past three years, Hilton Worldwide (HLT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and VXX?
Over the past 3 years, HLT and VXX moved with a correlation of -0.54, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.37) runs above the 3-year figure (-0.54). Over 5 years the correlation is -0.46, and the annualized covariance of weekly returns is -677.0 %².
Among the 40 assets we track against HLT, VXX sits near the bottom by co-movement, at rank #40. The last year tells two different stories: HLT led by 67.8 percentage points, +18.1% for HLT against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HLT vs VXX: side by side
| HLT (Hilton Worldwide) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +18.1% | -49.7% |
| 5-year return | +162.7% | -95.6% |
| Volatility (ann.) | 20.7% | 60.9% |
| Beta vs S&P 500 | 0.85 | -3.31 |
| Max drawdown (3Y) | -26.4% | -83.3% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HLT | VXX |
|---|---|---|
| 2022 | -18.7% | -23.8% |
| 2023 | +44.7% | -72.5% |
| 2024 | +36.1% | -26.2% |
| 2025 | +16.5% | -42.2% |
| 2026 | +13.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
FAQ
What is the correlation between HLT and VXX?
The HLT/VXX correlation stands at -0.54 on a 3-year window (1 year: -0.37, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HLT?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
What does a correlation of -0.54 mean?
A reading of -0.54 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/hlt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLT correlations · VXX correlations
