HQH vs VXX: Correlation
Measured on weekly returns over the past three years, abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and VXX?
Across a 3-year window, the weekly returns of HQH and VXX correlate at -0.50, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.41 lands near the 3-year figure. Stretching to 5 years gives -0.50, with an annualized covariance of -660.1 %².
VXX is close to the least connected end of HQH's tracked universe, ranking #36 of 36. Correlation aside, the last 12 months split them widely, with HQH ahead by 109.5 points (+59.8% versus -49.7%). Risk is not evenly split, since VXX carries 2.8 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.
HQH vs VXX: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.8% | -49.7% |
| 5-year return | +51.1% | -95.6% |
| Volatility (ann.) | 21.8% | 60.9% |
| Beta vs S&P 500 | 0.83 | -3.31 |
| Max drawdown (3Y) | -21.1% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 9.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | VXX |
|---|---|---|
| 2022 | -17.3% | -23.8% |
| 2023 | +1.2% | -72.5% |
| 2024 | +10.2% | -26.2% |
| 2025 | +34.1% | -42.2% |
| 2026 | +33.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and VXX good diversifiers for each other?
Yes. With a correlation of -0.50, HQH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HQH and VXX?
Using weekly returns as of 2026-08-27: -0.50 over 3 years, with -0.41 over the last year and -0.50 over 5 years.
Is VXX a good diversifier for HQH?
Yes. With a correlation of -0.50, HQH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 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/hqh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hqh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HQH correlations · VXX correlations
