GDV vs VXX: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) 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 -0.75, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and VXX?
Across a 3-year window, the weekly returns of GDV and VXX correlate at -0.75, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.73 lands near the 3-year figure. Stretching to 5 years gives -0.67, with an annualized covariance of -685.4 %².
Among the 71 assets we track against GDV, VXX sits near the bottom by co-movement, at rank #71. The last year tells two different stories: GDV led by 70.0 percentage points, +20.3% for GDV against -49.7% for VXX. One caveat on sizing: VXX is 4.1 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.
GDV vs VXX: side by side
| GDV (Gabelli Dividend & Income Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.3% | -49.7% |
| 5-year return | +53.8% | -95.6% |
| Volatility (ann.) | 15.0% | 60.9% |
| Beta vs S&P 500 | 0.90 | -3.31 |
| Max drawdown (3Y) | -16.1% | -83.3% |
| Market cap | $2.7B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | VXX |
|---|---|---|
| 2022 | -18.6% | -23.8% |
| 2023 | +11.9% | -72.5% |
| 2024 | +18.1% | -26.2% |
| 2025 | +22.8% | -42.2% |
| 2026 | +13.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.75 means the two rarely move for the same reasons.
FAQ
What is the correlation between GDV and VXX?
As of 2026-08-27, the correlation of weekly returns between GDV and VXX is -0.75 over 3 years, -0.73 over 1 year and -0.67 over 5 years.
Is VXX a good diversifier for GDV?
By historical standards, yes. A correlation of -0.75 means the two rarely move for the same reasons.
What does a correlation of -0.75 mean?
A reading of -0.75 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/gdv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDV correlations · VXX correlations
