HRTG vs VXX: Correlation
How closely do Heritage Insurance Holdings, Inc. (HRTG) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRTG and VXX?
Over the past 3 years, HRTG and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.28). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -1199.0 %².
Out of 11 assets tracked against HRTG, VXX lands near the bottom at #11. The last year tells two different stories: HRTG led by 103.3 percentage points, +53.6% for HRTG against -49.7% for VXX.
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.
HRTG vs VXX: side by side
| HRTG (Heritage Insurance Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +53.6% | -49.7% |
| 5-year return | +422.5% | -95.6% |
| Volatility (ann.) | 71.1% | 60.9% |
| Beta vs S&P 500 | 0.71 | -3.31 |
| Max drawdown (3Y) | -43.9% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 4.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRTG | VXX |
|---|---|---|
| 2022 | -68.6% | -23.8% |
| 2023 | +262.2% | -72.5% |
| 2024 | +85.6% | -26.2% |
| 2025 | +141.8% | -42.2% |
| 2026 | +16.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRTG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between HRTG and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.12 over the last year and -0.24 over 5 years.
Is VXX a good diversifier for HRTG?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/hrtg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hrtg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HRTG correlations · VXX correlations
