HOPE vs VXX: Correlation
How closely do Hope Bancorp, Inc. (HOPE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.50, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and VXX?
On 3 years of weekly data the HOPE/VXX correlation comes out at -0.50, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.32) than the 3-year average (-0.50). The 5-year figure is -0.42, and annualized covariance runs at -896.5 %².
Among the 47 assets we track against HOPE, VXX sits near the bottom by co-movement, at rank #46. Correlation aside, the last 12 months split them widely, with HOPE ahead by 80.6 points (+30.9% versus -49.7%). Note the risk asymmetry: VXX runs 2.1 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.
HOPE vs VXX: side by side
| HOPE (Hope Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.9% | -49.7% |
| 5-year return | +29.9% | -95.6% |
| Volatility (ann.) | 29.7% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -35.1% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 4.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | VXX |
|---|---|---|
| 2022 | -9.6% | -23.8% |
| 2023 | -0.1% | -72.5% |
| 2024 | +6.8% | -26.2% |
| 2025 | -5.9% | -42.2% |
| 2026 | +31.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and VXX good diversifiers for each other?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HOPE and VXX?
As of 2026-08-27, the correlation of weekly returns between HOPE and VXX is -0.50 over 3 years, -0.32 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for HOPE?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.50 mean?
A reading of -0.50 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/hope-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hope-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · VXX correlations
