HVT vs VXZ: Correlation
Haverty Furniture Companies, Inc. (HVT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HVT and VXZ?
Over the past 3 years, HVT and VXZ moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -362.5 %².
Among the 17 assets we track against HVT, VXZ sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with HVT ahead by 42.6 points (+26.5% versus -16.1%).
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.
HVT vs VXZ: side by side
| HVT (Haverty Furniture Companies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.5% | -16.1% |
| 5-year return | +8.2% | -53.1% |
| Volatility (ann.) | 34.8% | 25.6% |
| Beta vs S&P 500 | 1.02 | -1.31 |
| Max drawdown (3Y) | -50.1% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 4.81% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HVT | VXZ |
|---|---|---|
| 2022 | +4.8% | +0.5% |
| 2023 | +27.2% | -44.0% |
| 2024 | -34.4% | -12.7% |
| 2025 | +11.2% | +5.7% |
| 2026 | +22.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between HVT and VXZ?
As of 2026-08-27, the correlation of weekly returns between HVT and VXZ is -0.41 over 3 years, -0.33 over 1 year and -0.41 over 5 years.
Is VXZ a good diversifier for HVT?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/hvt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hvt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HVT correlations · VXZ correlations
