HQH vs VXZ: Correlation
How closely do abrdn Healthcare Investors Shares of Beneficial Interest (HQH) 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 -0.49, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and VXZ?
Across a 3-year window, the weekly returns of HQH and VXZ correlate at -0.49, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.43 over 1 year against -0.49 over 3. Stretching to 5 years gives -0.51, with an annualized covariance of -271.9 %².
Among the 36 assets we track against HQH, VXZ sits near the bottom by co-movement, at rank #35. Their recent paths diverged sharply: over the last 12 months HQH outperformed by 75.9 percentage points (+59.8% for HQH against -16.1% for VXZ).
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 VXZ: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.8% | -16.1% |
| 5-year return | +51.1% | -53.1% |
| Volatility (ann.) | 21.8% | 25.6% |
| Beta vs S&P 500 | 0.83 | -1.31 |
| Max drawdown (3Y) | -21.1% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 9.62% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | VXZ |
|---|---|---|
| 2022 | -17.3% | +0.5% |
| 2023 | +1.2% | -44.0% |
| 2024 | +10.2% | -12.7% |
| 2025 | +34.1% | +5.7% |
| 2026 | +33.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
FAQ
What is the correlation between HQH and VXZ?
As of 2026-08-27, the correlation of weekly returns between HQH and VXZ is -0.49 over 3 years, -0.43 over 1 year and -0.51 over 5 years.
Is VXZ a good diversifier for HQH?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hqh-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hqh-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQH correlations · VXZ correlations
