HURC vs VXX: Correlation
Measured on weekly returns over the past three years, Hurco Companies, Inc. (HURC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURC and VXX?
Across a 3-year window, the weekly returns of HURC and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.29, with an annualized covariance of -746.6 %².
Among the 10 assets we track against HURC, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: HURC led by 75.1 percentage points, +25.4% for HURC against -49.7% for VXX. One caveat on sizing: VXX is 1.5 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.
HURC vs VXX: side by side
| HURC (Hurco Companies, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.4% | -49.7% |
| 5-year return | -28.0% | -95.6% |
| Volatility (ann.) | 39.5% | 60.9% |
| Beta vs S&P 500 | 0.89 | -3.31 |
| Max drawdown (3Y) | -52.0% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HURC | VXX |
|---|---|---|
| 2022 | -10.0% | -23.8% |
| 2023 | -15.2% | -72.5% |
| 2024 | -9.7% | -26.2% |
| 2025 | -19.9% | -42.2% |
| 2026 | +45.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURC and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HURC and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.30 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for HURC?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hurc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hurc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HURC correlations · VXX correlations
