GDOT vs VXZ: Correlation
Green Dot Corporation (GDOT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and VXZ?
Over the past 3 years, GDOT and VXZ moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.22). Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -293.9 %².
Out of 14 assets tracked against GDOT, VXZ lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months GDOT outperformed by 15.9 percentage points (-0.2% for GDOT against -16.1% for VXZ). One caveat on sizing: GDOT is 2.0 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.
GDOT vs VXZ: side by side
| GDOT (Green Dot Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.2% | -16.1% |
| 5-year return | -74.3% | -53.1% |
| Volatility (ann.) | 51.2% | 25.6% |
| Beta vs S&P 500 | 0.79 | -1.31 |
| Max drawdown (3Y) | -58.0% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDOT | VXZ |
|---|---|---|
| 2022 | -56.3% | +0.5% |
| 2023 | -37.4% | -44.0% |
| 2024 | +7.5% | -12.7% |
| 2025 | +20.4% | +5.7% |
| 2026 | +4.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and VXZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GDOT and VXZ?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.37 over the last year and -0.32 over 5 years.
Is VXZ a good diversifier for GDOT?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdot-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdot-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDOT correlations · VXZ correlations
