INN vs VXX: Correlation
Summit Hotel Properties, Inc. (INN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INN and VXX?
Over the past 3 years, INN and VXX moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.42). Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -893.3 %².
VXX is close to the least connected end of INN's tracked universe, ranking #13 of 14. The last year tells two different stories: INN led by 63.7 percentage points, +14.0% for INN against -49.7% for VXX. One caveat on sizing: VXX is 1.8 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.
INN vs VXX: side by side
| INN (Summit Hotel Properties, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.0% | -49.7% |
| 5-year return | -22.7% | -95.6% |
| Volatility (ann.) | 34.6% | 60.9% |
| Beta vs S&P 500 | 1.06 | -3.31 |
| Max drawdown (3Y) | -46.3% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 5.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INN | VXX |
|---|---|---|
| 2022 | -25.3% | -23.8% |
| 2023 | -3.7% | -72.5% |
| 2024 | +6.9% | -26.2% |
| 2025 | -24.5% | -42.2% |
| 2026 | +27.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INN and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, INN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INN and VXX?
The INN/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.13, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for INN?
Yes. With a correlation of -0.42, INN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INN correlations · VXX correlations
