GCT vs VXX: Correlation
GigaCloud Technology Inc - Class A (GCT) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCT and VXX?
On 3 years of weekly data the GCT/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.25, and annualized covariance runs at -1579.6 %².
Among the 10 assets we track against GCT, VXX sits near the bottom by co-movement, at rank #9. The last year tells two different stories: GCT led by 144.9 percentage points, +95.2% for GCT against -49.7% for VXX.
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.
GCT vs VXX: side by side
| GCT (GigaCloud Technology Inc - Class A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +95.2% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 85.6% | 60.9% |
| Beta vs S&P 500 | 1.87 | -3.31 |
| Max drawdown (3Y) | -73.2% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCT | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | +221.5% | -72.5% |
| 2024 | +1.2% | -26.2% |
| 2025 | +112.1% | -42.2% |
| 2026 | +31.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCT and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, GCT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GCT and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.21 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for GCT?
Yes. With a correlation of -0.30, GCT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/gct-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gct-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GCT correlations · VXX correlations
