GE vs VXX: Correlation
GE Aerospace (GE) 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 -0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and VXX?
Across a 3-year window, the weekly returns of GE and VXX correlate at -0.54, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.42) runs above the 3-year figure (-0.54). Stretching to 5 years gives -0.50, with an annualized covariance of -1007.7 %².
Out of 32 assets tracked against GE, VXX lands near the bottom at #32. The last year tells two different stories: GE led by 75.7 percentage points, +26.0% for GE against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.0 times the volatility of the other side.
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.
GE vs VXX: side by side
| GE (GE Aerospace) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.0% | -49.7% |
| 5-year return | +435.6% | -95.6% |
| Volatility (ann.) | 30.9% | 60.9% |
| Beta vs S&P 500 | 1.24 | -3.31 |
| Max drawdown (3Y) | -21.4% | -83.3% |
| Market cap | $355.6B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.47% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GE | VXX |
|---|---|---|
| 2022 | -10.9% | -23.8% |
| 2023 | +95.7% | -72.5% |
| 2024 | +64.8% | -26.2% |
| 2025 | +85.7% | -42.2% |
| 2026 | +11.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and VXX good diversifiers for each other?
Yes. With a correlation of -0.54, GE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GE and VXX?
Using weekly returns as of 2026-08-27: -0.54 over 3 years, with -0.42 over the last year and -0.50 over 5 years.
Is VXX a good diversifier for GE?
Yes. With a correlation of -0.54, GE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.54 mean?
A reading of -0.54 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/ge-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ge-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GE correlations · VXX correlations
