HUN vs VXX: Correlation
Huntsman Corporation (HUN) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUN and VXX?
Across a 3-year window, the weekly returns of HUN and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.27, with an annualized covariance of -753.1 %².
Out of 14 assets tracked against HUN, VXX lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with HUN ahead by 41.5 points (-8.2% versus -49.7%).
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.
HUN vs VXX: side by side
| HUN (Huntsman Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.2% | -49.7% |
| 5-year return | -55.1% | -95.6% |
| Volatility (ann.) | 47.1% | 60.9% |
| Beta vs S&P 500 | 0.93 | -3.31 |
| Max drawdown (3Y) | -70.1% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 5.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUN | VXX |
|---|---|---|
| 2022 | -19.0% | -23.8% |
| 2023 | -5.1% | -72.5% |
| 2024 | -25.0% | -26.2% |
| 2025 | -40.6% | -42.2% |
| 2026 | -2.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUN and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HUN and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.21 over the last year and -0.27 over 5 years.
Is VXX a good diversifier for HUN?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/hun-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hun-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HUN correlations · VXX correlations
