GANX vs VXX: Correlation
Gain Therapeutics, Inc. (GANX) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GANX and VXX?
Across a 3-year window, the weekly returns of GANX and VXX correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.24). Stretching to 5 years gives -0.19, with an annualized covariance of -1436.3 %².
VXX is close to the least connected end of GANX's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with GANX ahead by 49.2 points (-0.5% versus -49.7%). Risk is not evenly split, since GANX carries 1.6 times the volatility of the other side.
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.
GANX vs VXX: side by side
| GANX (Gain Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.5% | -49.7% |
| 5-year return | -76.4% | -95.6% |
| Volatility (ann.) | 98.1% | 60.9% |
| Beta vs S&P 500 | 1.61 | -3.31 |
| Max drawdown (3Y) | -81.4% | -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 | GANX | VXX |
|---|---|---|
| 2022 | -42.4% | -23.8% |
| 2023 | +4.3% | -72.5% |
| 2024 | -33.8% | -26.2% |
| 2025 | +49.1% | -42.2% |
| 2026 | -42.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GANX and VXX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GANX and VXX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.11 over the last year and -0.19 over 5 years.
Is VXX a good diversifier for GANX?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/ganx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ganx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GANX correlations · VXX correlations
