GEN vs VXX: Correlation
Measured on weekly returns over the past three years, Gen Digital (GEN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and VXX?
On 3 years of weekly data the GEN/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.25) than the 3-year average (-0.38). The 5-year figure is -0.36, and annualized covariance runs at -744.5 %².
Among the 36 assets we track against GEN, VXX sits near the bottom by co-movement, at rank #35. Correlation aside, the last 12 months split them widely, with GEN ahead by 50.9 points (+1.2% versus -49.7%). Note the risk asymmetry: VXX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GEN vs VXX: side by side
| GEN (Gen Digital) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.2% | -49.7% |
| 5-year return | +26.3% | -95.6% |
| Volatility (ann.) | 31.7% | 60.9% |
| Beta vs S&P 500 | 1.02 | -3.31 |
| Max drawdown (3Y) | -43.6% | -83.3% |
| Market cap | $18.3B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 1.69% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GEN | VXX |
|---|---|---|
| 2022 | -15.8% | -23.8% |
| 2023 | +9.3% | -72.5% |
| 2024 | +22.4% | -26.2% |
| 2025 | +1.1% | -42.2% |
| 2026 | +13.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, GEN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GEN and VXX?
The GEN/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.25, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GEN?
Yes. With a correlation of -0.38, GEN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/gen-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gen-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GEN correlations · VXX correlations
