HST vs VXX: Correlation
Host Hotels & Resorts (HST) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and VXX?
Over the past 3 years, HST and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.47). Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -693.6 %².
Among the 37 assets we track against HST, VXX sits near the bottom by co-movement, at rank #36. The last year tells two different stories: HST led by 88.9 percentage points, +39.2% for HST against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HST vs VXX: side by side
| HST (Host Hotels & Resorts) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.2% | -49.7% |
| 5-year return | +73.4% | -95.6% |
| Volatility (ann.) | 24.2% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -36.0% | -83.3% |
| Market cap | $15.5B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 3.57% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | HST | VXX |
|---|---|---|
| 2022 | -4.6% | -23.8% |
| 2023 | +27.6% | -72.5% |
| 2024 | -5.5% | -26.2% |
| 2025 | +7.2% | -42.2% |
| 2026 | +32.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and VXX good diversifiers for each other?
Yes. With a correlation of -0.47, HST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HST and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.17 over the last year and -0.42 over 5 years.
Is VXX a good diversifier for HST?
Yes. With a correlation of -0.47, HST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/hst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HST correlations · VXX correlations
