JHS vs VXX: Correlation
Measured on weekly returns over the past three years, John Hancock Income Securities Trust (JHS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JHS and VXX?
Across a 3-year window, the weekly returns of JHS and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Stretching to 5 years gives -0.28, with an annualized covariance of -186.5 %².
Out of 11 assets tracked against JHS, VXX lands near the bottom at #10. The last year tells two different stories: JHS led by 49.5 percentage points, -0.2% for JHS against -49.7% for VXX. Note the risk asymmetry: VXX runs 6.8 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.
JHS vs VXX: side by side
| JHS (John Hancock Income Securities Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.2% | -49.7% |
| 5-year return | -10.6% | -95.6% |
| Volatility (ann.) | 9.0% | 60.9% |
| Beta vs S&P 500 | 0.23 | -3.31 |
| Max drawdown (3Y) | -8.7% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 5.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JHS | VXX |
|---|---|---|
| 2022 | -26.5% | -23.8% |
| 2023 | +6.1% | -72.5% |
| 2024 | +8.0% | -26.2% |
| 2025 | +10.2% | -42.2% |
| 2026 | -4.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JHS and VXX good diversifiers for each other?
Yes. With a correlation of -0.34, JHS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JHS and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.41 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for JHS?
Yes. With a correlation of -0.34, JHS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/jhs-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jhs-vs-vxx/)
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Related comparisons
Hubs: JHS correlations · VXX correlations
