GENC vs VXZ: Correlation
Gencor Industries, Inc. (GENC) 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 -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENC and VXZ?
Across a 3-year window, the weekly returns of GENC and VXZ correlate at -0.37, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.37). Stretching to 5 years gives -0.30, with an annualized covariance of -345.5 %².
Among the 11 assets we track against GENC, VXZ sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with GENC ahead by 32.0 points (+15.9% versus -16.1%).
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.
GENC vs VXZ: side by side
| GENC (Gencor Industries, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.9% | -16.1% |
| 5-year return | +63.6% | -53.1% |
| Volatility (ann.) | 36.4% | 25.6% |
| Beta vs S&P 500 | 0.83 | -1.31 |
| Max drawdown (3Y) | -55.7% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 18.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GENC | VXZ |
|---|---|---|
| 2022 | -12.4% | +0.5% |
| 2023 | +59.8% | -44.0% |
| 2024 | +9.4% | -12.7% |
| 2025 | -26.6% | +5.7% |
| 2026 | +47.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENC and VXZ good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GENC and VXZ?
The GENC/VXZ correlation stands at -0.37 on a 3-year window (1 year: -0.16, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for GENC?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
A reading of -0.37 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/genc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/genc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GENC correlations · VXZ correlations
