HOFT vs VXX: Correlation
Hooker Furnishings Corporation (HOFT) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOFT and VXX?
Across a 3-year window, the weekly returns of HOFT and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.34 over 3 years. Stretching to 5 years gives -0.31, with an annualized covariance of -1101.9 %².
Among the 12 assets we track against HOFT, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with HOFT ahead by 88.6 points (+38.9% versus -49.7%).
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.
HOFT vs VXX: side by side
| HOFT (Hooker Furnishings Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +38.9% | -49.7% |
| 5-year return | -46.3% | -95.6% |
| Volatility (ann.) | 53.9% | 60.9% |
| Beta vs S&P 500 | 1.11 | -3.31 |
| Max drawdown (3Y) | -69.9% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 5.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOFT | VXX |
|---|---|---|
| 2022 | -15.7% | -23.8% |
| 2023 | +45.7% | -72.5% |
| 2024 | -43.3% | -26.2% |
| 2025 | -13.3% | -42.2% |
| 2026 | +21.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOFT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between HOFT and VXX?
The HOFT/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.08, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HOFT?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 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/hoft-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hoft-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOFT correlations · VXX correlations
