HNST vs VXX: Correlation
The Honest Company, Inc. (HNST) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNST and VXX?
On 3 years of weekly data the HNST/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.28). The 5-year figure is -0.29, and annualized covariance runs at -1331.5 %².
VXX is close to the least connected end of HNST's tracked universe, ranking #11 of 11. The last year tells two different stories: HNST led by 94.4 percentage points, +44.7% for HNST 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.
HNST vs VXX: side by side
| HNST (The Honest Company, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +44.7% | -49.7% |
| 5-year return | -42.6% | -95.6% |
| Volatility (ann.) | 79.5% | 60.9% |
| Beta vs S&P 500 | 1.81 | -3.31 |
| Max drawdown (3Y) | -75.5% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNST | VXX |
|---|---|---|
| 2022 | -62.8% | -23.8% |
| 2023 | +9.6% | -72.5% |
| 2024 | +110.0% | -26.2% |
| 2025 | -62.8% | -42.2% |
| 2026 | +123.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNST and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, HNST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HNST and VXX?
The HNST/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.15, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HNST?
Yes. With a correlation of -0.28, HNST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/hnst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hnst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HNST correlations · VXX correlations
