GEVO vs VXZ: Correlation
Measured on weekly returns over the past three years, Gevo, Inc. (GEVO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEVO and VXZ?
On 3 years of weekly data the GEVO/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.26 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -629.5 %².
Among the 11 assets we track against GEVO, VXZ sits near the bottom by co-movement, at rank #11. The trailing year gives GEVO the advantage: -5.6% versus -16.1%, a 10.5-point spread. Note the risk asymmetry: GEVO runs 3.7 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.
GEVO vs VXZ: side by side
| GEVO (Gevo, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.6% | -16.1% |
| 5-year return | -72.4% | -53.1% |
| Volatility (ann.) | 95.1% | 25.6% |
| Beta vs S&P 500 | 1.49 | -1.31 |
| Max drawdown (3Y) | -69.0% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEVO | VXZ |
|---|---|---|
| 2022 | -55.6% | +0.5% |
| 2023 | -38.9% | -44.0% |
| 2024 | +80.2% | -12.7% |
| 2025 | -4.3% | +5.7% |
| 2026 | -16.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEVO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEVO and VXZ?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.14 over the last year and -0.29 over 5 years.
Is VXZ a good diversifier for GEVO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/gevo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gevo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEVO correlations · VXZ correlations
