HSIC vs VXX: Correlation
Henry Schein (HSIC) 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 -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and VXX?
On 3 years of weekly data the HSIC/VXX correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.27, and annualized covariance runs at -294.9 %².
By 3-year correlation, VXX places #28 of the 34 assets tracked against HSIC. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 80.6 percentage points (+30.9% for HSIC against -49.7% for VXX). One caveat on sizing: VXX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HSIC vs VXX: side by side
| HSIC (Henry Schein) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.9% | -49.7% |
| 5-year return | +20.1% | -95.6% |
| Volatility (ann.) | 25.2% | 60.9% |
| Beta vs S&P 500 | 0.33 | -3.31 |
| Max drawdown (3Y) | -24.3% | -83.3% |
| Market cap | $10.1B | – |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | VXX |
|---|---|---|
| 2022 | +3.0% | -23.8% |
| 2023 | -5.2% | -72.5% |
| 2024 | -8.6% | -26.2% |
| 2025 | +9.2% | -42.2% |
| 2026 | +19.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and VXX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HSIC and VXX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.24 over the last year and -0.27 over 5 years.
Is VXX a good diversifier for HSIC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/hsic-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hsic-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HSIC correlations · VXX correlations
