IHS vs VXX: Correlation
Measured on weekly returns over the past three years, IHS Holding Limited (IHS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHS and VXX?
Across a 3-year window, the weekly returns of IHS and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Stretching to 5 years gives -0.34, with an annualized covariance of -1083.5 %².
Among the 10 assets we track against IHS, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with IHS ahead by 64.9 points (+15.2% 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.
IHS vs VXX: side by side
| IHS (IHS Holding Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.2% | -49.7% |
| 5-year return | -51.0% | -95.6% |
| Volatility (ann.) | 55.6% | 60.9% |
| Beta vs S&P 500 | 0.88 | -3.31 |
| Max drawdown (3Y) | -68.7% | -83.3% |
| Market cap | $2.8B | – |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHS | VXX |
|---|---|---|
| 2022 | -56.4% | -23.8% |
| 2023 | -25.2% | -72.5% |
| 2024 | -36.5% | -26.2% |
| 2025 | +155.5% | -42.2% |
| 2026 | +11.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHS and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, IHS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IHS and VXX?
The IHS/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.22, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IHS?
Yes. With a correlation of -0.32, IHS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 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/ihs-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ihs-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IHS correlations · VXX correlations
