HTB vs VXZ: Correlation
HomeTrust Bancshares, Inc. (HTB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTB and VXZ?
Over the past 3 years, HTB and VXZ moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.30 versus -0.52 over 3 years. Over 5 years the correlation is -0.46, and the annualized covariance of weekly returns is -360.7 %².
VXZ is close to the least connected end of HTB's tracked universe, ranking #17 of 17. The last year tells two different stories: HTB led by 29.5 percentage points, +13.4% for HTB 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.
HTB vs VXZ: side by side
| HTB (HomeTrust Bancshares, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.4% | -16.1% |
| 5-year return | +81.4% | -53.1% |
| Volatility (ann.) | 27.3% | 25.6% |
| Beta vs S&P 500 | 0.86 | -1.31 |
| Max drawdown (3Y) | -17.7% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 1.13% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTB | VXZ |
|---|---|---|
| 2022 | -20.9% | +0.5% |
| 2023 | +13.4% | -44.0% |
| 2024 | +27.0% | -12.7% |
| 2025 | +29.1% | +5.7% |
| 2026 | +9.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.52, HTB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HTB and VXZ?
As of 2026-08-27, the correlation of weekly returns between HTB and VXZ is -0.52 over 3 years, -0.30 over 1 year and -0.46 over 5 years.
Is VXZ a good diversifier for HTB?
Yes. With a correlation of -0.52, HTB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/htb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTB correlations · VXZ correlations
