GEO vs VXZ: Correlation
How closely do Geo Group Inc (The) REIT (GEO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEO and VXZ?
Across a 3-year window, the weekly returns of GEO and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.34 over 3. Stretching to 5 years gives -0.28, with an annualized covariance of -537.7 %².
Among the 11 assets we track against GEO, VXZ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months GEO outperformed by 72.8 percentage points (+56.7% for GEO against -16.1% for VXZ). Risk is not evenly split, since GEO carries 2.4 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.
GEO vs VXZ: side by side
| GEO (Geo Group Inc (The) REIT) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.7% | -16.1% |
| 5-year return | +328.4% | -53.1% |
| Volatility (ann.) | 62.4% | 25.6% |
| Beta vs S&P 500 | 1.22 | -1.31 |
| Max drawdown (3Y) | -62.5% | -36.4% |
| Market cap | $4.3B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEO | VXZ |
|---|---|---|
| 2022 | +41.3% | +0.5% |
| 2023 | -1.1% | -44.0% |
| 2024 | +158.4% | -12.7% |
| 2025 | -42.4% | +5.7% |
| 2026 | +102.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEO and VXZ?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.25 over the last year and -0.28 over 5 years.
Is VXZ a good diversifier for GEO?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/geo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/geo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEO correlations · VXZ correlations
