GE vs VXZ: Correlation
GE Aerospace (GE) 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 -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and VXZ?
Across a 3-year window, the weekly returns of GE and VXZ correlate at -0.51, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.40) than the 3-year average (-0.51). Stretching to 5 years gives -0.52, with an annualized covariance of -405.4 %².
Among the 32 assets we track against GE, VXZ sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months GE outperformed by 42.1 percentage points (+26.0% for GE against -16.1% for VXZ).
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 VXZ: side by side
| GE (GE Aerospace) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.0% | -16.1% |
| 5-year return | +435.6% | -53.1% |
| Volatility (ann.) | 30.9% | 25.6% |
| Beta vs S&P 500 | 1.24 | -1.31 |
| Max drawdown (3Y) | -21.4% | -36.4% |
| Market cap | $355.6B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.47% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GE | VXZ |
|---|---|---|
| 2022 | -10.9% | +0.5% |
| 2023 | +95.7% | -44.0% |
| 2024 | +64.8% | -12.7% |
| 2025 | +85.7% | +5.7% |
| 2026 | +11.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
FAQ
What is the correlation between GE and VXZ?
The GE/VXZ correlation stands at -0.51 on a 3-year window (1 year: -0.40, 5 years: -0.52), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for GE?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
What does a correlation of -0.51 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/ge-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ge-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GE correlations · VXZ correlations
