HR vs VXX: Correlation
Healthcare Realty Trust Incorporated (HR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HR and VXX?
Over the past 3 years, HR and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.27). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -362.9 %².
Among the 11 assets we track against HR, VXX sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months HR outperformed by 66.3 percentage points (+16.6% for HR against -49.7% for VXX). 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.
HR vs VXX: side by side
| HR (Healthcare Realty Trust Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.6% | -49.7% |
| 5-year return | +12.6% | -95.6% |
| Volatility (ann.) | 21.8% | 60.9% |
| Beta vs S&P 500 | 0.37 | -3.31 |
| Max drawdown (3Y) | -24.4% | -83.3% |
| Market cap | $6.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HR | VXX |
|---|---|---|
| 2022 | -17.5% | -23.8% |
| 2023 | -4.1% | -72.5% |
| 2024 | +6.4% | -26.2% |
| 2025 | +6.9% | -42.2% |
| 2026 | +17.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HR and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, HR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HR and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.04 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for HR?
Yes. With a correlation of -0.27, HR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/hr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HR correlations · VXX correlations
