GCBC vs VXX: Correlation
Greene County Bancorp, Inc. (GCBC) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCBC and VXX?
Across a 3-year window, the weekly returns of GCBC and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.32). Stretching to 5 years gives -0.23, with an annualized covariance of -784.4 %².
Among the 10 assets we track against GCBC, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months GCBC outperformed by 96.8 percentage points (+47.1% for GCBC against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.5 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.
GCBC vs VXX: side by side
| GCBC (Greene County Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +47.1% | -49.7% |
| 5-year return | +139.6% | -95.6% |
| Volatility (ann.) | 40.5% | 60.9% |
| Beta vs S&P 500 | 0.75 | -3.31 |
| Max drawdown (3Y) | -42.9% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCBC | VXX |
|---|---|---|
| 2022 | +57.9% | -23.8% |
| 2023 | -0.6% | -72.5% |
| 2024 | -0.6% | -26.2% |
| 2025 | -18.5% | -42.2% |
| 2026 | +57.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCBC and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, GCBC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GCBC and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.05 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for GCBC?
Yes. With a correlation of -0.32, GCBC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/gcbc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gcbc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GCBC correlations · VXX correlations
