HOOD vs VXX: Correlation
Measured on weekly returns over the past three years, Robinhood Markets (HOOD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and VXX?
Across a 3-year window, the weekly returns of HOOD and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.44) sits close to the 3-year figure. Stretching to 5 years gives -0.43, with an annualized covariance of -1994.2 %².
Out of 39 assets tracked against HOOD, VXX lands near the bottom at #38. Correlation aside, the last 12 months split them widely, with HOOD ahead by 56.3 points (+6.6% 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.
HOOD vs VXX: side by side
| HOOD (Robinhood Markets) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.6% | -49.7% |
| 5-year return | +151.5% | -95.6% |
| Volatility (ann.) | 71.4% | 60.9% |
| Beta vs S&P 500 | 2.88 | -3.31 |
| Max drawdown (3Y) | -57.3% | -83.3% |
| Market cap | $98.7B | – |
| P/E (trailing) | 48.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HOOD | VXX |
|---|---|---|
| 2022 | -54.2% | -23.8% |
| 2023 | +56.5% | -72.5% |
| 2024 | +192.5% | -26.2% |
| 2025 | +203.5% | -42.2% |
| 2026 | -3.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between HOOD and VXX?
The HOOD/VXX correlation stands at -0.46 on a 3-year window (1 year: -0.44, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HOOD?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
A reading of -0.46 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/hood-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hood-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOOD correlations · VXX correlations
