HZO vs VXX: Correlation
How closely do MarineMax, Inc. (FL) (HZO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HZO and VXX?
On 3 years of weekly data the HZO/VXX correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.28) runs above the 3-year figure (-0.44). The 5-year figure is -0.43, and annualized covariance runs at -1537.2 %².
Out of 16 assets tracked against HZO, VXX lands near the bottom at #16. The last year tells two different stories: HZO led by 136.5 percentage points, +86.8% for HZO against -49.7% for VXX.
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.
HZO vs VXX: side by side
| HZO (MarineMax, Inc. (FL)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +86.8% | -49.7% |
| 5-year return | +5.1% | -95.6% |
| Volatility (ann.) | 57.2% | 60.9% |
| Beta vs S&P 500 | 1.70 | -3.31 |
| Max drawdown (3Y) | -55.0% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 326.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HZO | VXX |
|---|---|---|
| 2022 | -47.1% | -23.8% |
| 2023 | +24.6% | -72.5% |
| 2024 | -25.6% | -26.2% |
| 2025 | -16.3% | -42.2% |
| 2026 | +115.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HZO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between HZO and VXX?
The HZO/VXX correlation stands at -0.44 on a 3-year window (1 year: -0.28, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for HZO?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/hzo-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hzo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HZO correlations · VXX correlations
