GDDY vs VXX: Correlation
How closely do GoDaddy (GDDY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and VXX?
On 3 years of weekly data the GDDY/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.28). The 5-year figure is -0.31, and annualized covariance runs at -580.5 %².
VXX is close to the least connected end of GDDY's tracked universe, ranking #30 of 32. The last year tells two different stories: GDDY led by 15.3 percentage points, -34.4% for GDDY 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.
GDDY vs VXX: side by side
| GDDY (GoDaddy) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.4% | -49.7% |
| 5-year return | +32.1% | -95.6% |
| Volatility (ann.) | 33.6% | 60.9% |
| Beta vs S&P 500 | 0.93 | -3.31 |
| Max drawdown (3Y) | -65.0% | -83.3% |
| Market cap | $12.3B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GDDY | VXX |
|---|---|---|
| 2022 | -11.8% | -23.8% |
| 2023 | +41.9% | -72.5% |
| 2024 | +85.9% | -26.2% |
| 2025 | -37.1% | -42.2% |
| 2026 | -21.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and VXX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GDDY and VXX?
As of 2026-08-27, the correlation of weekly returns between GDDY and VXX is -0.28 over 3 years, 0.00 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for GDDY?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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/gddy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gddy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDDY correlations · VXX correlations
