HTD vs VXX: Correlation
John Hancock Tax Advantaged Dividend Income Fund (HTD) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and VXX?
Across a 3-year window, the weekly returns of HTD and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.24) than the 3-year average (-0.38). Stretching to 5 years gives -0.39, with an annualized covariance of -368.4 %².
Out of 23 assets tracked against HTD, VXX lands near the bottom at #22. The last year tells two different stories: HTD led by 60.7 percentage points, +11.0% for HTD against -49.7% for VXX. Note the risk asymmetry: VXX runs 3.8 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.
HTD vs VXX: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.0% | -49.7% |
| 5-year return | +50.6% | -95.6% |
| Volatility (ann.) | 15.9% | 60.9% |
| Beta vs S&P 500 | 0.43 | -3.31 |
| Max drawdown (3Y) | -15.7% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 7.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTD | VXX |
|---|---|---|
| 2022 | -6.2% | -23.8% |
| 2023 | -9.9% | -72.5% |
| 2024 | +25.7% | -26.2% |
| 2025 | +15.9% | -42.2% |
| 2026 | +12.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HTD and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.24 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for HTD?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 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/htd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HTD correlations · VXX correlations
