HYFT vs VXX: Correlation
Measured on weekly returns over the past three years, MindWalk Holdings Corp. (HYFT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYFT and VXX?
On 3 years of weekly data the HYFT/VXX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -1368.8 %².
Among the 11 assets we track against HYFT, VXX sits near the bottom by co-movement, at rank #10. Neither side won the trailing year by much: -46.4% against -49.7%. Note the risk asymmetry: HYFT runs 1.8 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.
HYFT vs VXX: side by side
| HYFT (MindWalk Holdings Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -46.4% | -49.7% |
| 5-year return | -80.2% | -95.6% |
| Volatility (ann.) | 110.1% | 60.9% |
| Beta vs S&P 500 | 1.42 | -3.31 |
| Max drawdown (3Y) | -86.3% | -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 | HYFT | VXX |
|---|---|---|
| 2022 | -2.8% | -23.8% |
| 2023 | -67.2% | -72.5% |
| 2024 | -75.9% | -26.2% |
| 2025 | +341.7% | -42.2% |
| 2026 | -22.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYFT and VXX good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HYFT and VXX?
The HYFT/VXX correlation stands at -0.20 on a 3-year window (1 year: -0.24, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HYFT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hyft-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hyft-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HYFT correlations · VXX correlations
