HOFT vs VXZ: Correlation
How closely do Hooker Furnishings Corporation (HOFT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOFT and VXZ?
On 3 years of weekly data the HOFT/VXZ correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.14) than the 3-year average (-0.34). The 5-year figure is -0.32, and annualized covariance runs at -470.3 %².
Out of 12 assets tracked against HOFT, VXZ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with HOFT ahead by 55.0 points (+38.9% versus -16.1%). Risk is not evenly split, since HOFT carries 2.1 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.
HOFT vs VXZ: side by side
| HOFT (Hooker Furnishings Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +38.9% | -16.1% |
| 5-year return | -46.3% | -53.1% |
| Volatility (ann.) | 53.9% | 25.6% |
| Beta vs S&P 500 | 1.11 | -1.31 |
| Max drawdown (3Y) | -69.9% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 5.02% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOFT | VXZ |
|---|---|---|
| 2022 | -15.7% | +0.5% |
| 2023 | +45.7% | -44.0% |
| 2024 | -43.3% | -12.7% |
| 2025 | -13.3% | +5.7% |
| 2026 | +21.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOFT and VXZ 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 VXZ?
The HOFT/VXZ correlation stands at -0.34 on a 3-year window (1 year: -0.14, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXZ 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?
A reading of -0.34 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/hoft-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hoft-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOFT correlations · VXZ correlations
