HUBB vs VXX: Correlation
Hubbell Incorporated (HUBB) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBB and VXX?
On 3 years of weekly data the HUBB/VXX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.26) runs above the 3-year figure (-0.40). The 5-year figure is -0.38, and annualized covariance runs at -687.7 %².
Among the 36 assets we track against HUBB, VXX sits near the bottom by co-movement, at rank #34. Their recent paths diverged sharply: over the last 12 months HUBB outperformed by 56.4 percentage points (+6.7% for HUBB against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.2 times the volatility of the other side.
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.
HUBB vs VXX: side by side
| HUBB (Hubbell Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.7% | -49.7% |
| 5-year return | +142.6% | -95.6% |
| Volatility (ann.) | 28.3% | 60.9% |
| Beta vs S&P 500 | 1.10 | -3.31 |
| Max drawdown (3Y) | -32.6% | -83.3% |
| Market cap | $24.8B | – |
| P/E (trailing) | 27.9 | – |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HUBB | VXX |
|---|---|---|
| 2022 | +15.1% | -23.8% |
| 2023 | +42.4% | -72.5% |
| 2024 | +28.9% | -26.2% |
| 2025 | +7.4% | -42.2% |
| 2026 | +6.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between HUBB and VXX?
As of 2026-08-27, the correlation of weekly returns between HUBB and VXX is -0.40 over 3 years, -0.26 over 1 year and -0.38 over 5 years.
Is VXX a good diversifier for HUBB?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 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/hubb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hubb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HUBB correlations · VXX correlations
