HTCR vs VXZ: Correlation
Measured on weekly returns over the past three years, Heartcore Enterprises, Inc. (HTCR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCR and VXZ?
Over the past 3 years, HTCR and VXZ moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -415.7 %².
VXZ is close to the least connected end of HTCR's tracked universe, ranking #11 of 12. Correlation aside, the last 12 months split them widely, with VXZ ahead by 70.6 points (-86.7% versus -16.1%). One caveat on sizing: HTCR is 3.8 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.
HTCR vs VXZ: side by side
| HTCR (Heartcore Enterprises, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -86.7% | -16.1% |
| 5-year return | -96.7% | -53.1% |
| Volatility (ann.) | 97.6% | 25.6% |
| Beta vs S&P 500 | 1.26 | -1.31 |
| Max drawdown (3Y) | -95.7% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTCR | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | -29.9% | -44.0% |
| 2024 | +199.2% | -12.7% |
| 2025 | -80.3% | +5.7% |
| 2026 | -56.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between HTCR and VXZ?
As of 2026-08-27, the correlation of weekly returns between HTCR and VXZ is -0.17 over 3 years, -0.22 over 1 year and -0.19 over 5 years.
Is VXZ a good diversifier for HTCR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/htcr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htcr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTCR correlations · VXZ correlations
