GGG vs VXX: Correlation
How closely do Graco Inc. (GGG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and VXX?
Across a 3-year window, the weekly returns of GGG and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.46 over 3 years. Stretching to 5 years gives -0.48, with an annualized covariance of -535.9 %².
Among the 26 assets we track against GGG, VXX sits near the bottom by co-movement, at rank #26. Correlation aside, the last 12 months split them widely, with GGG ahead by 42.5 points (-7.2% versus -49.7%). Risk is not evenly split, since VXX carries 3.2 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.
GGG vs VXX: side by side
| GGG (Graco Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.2% | -49.7% |
| 5-year return | +7.7% | -95.6% |
| Volatility (ann.) | 19.0% | 60.9% |
| Beta vs S&P 500 | 0.70 | -3.31 |
| Max drawdown (3Y) | -22.6% | -83.3% |
| Market cap | $12.9B | – |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 1.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGG | VXX |
|---|---|---|
| 2022 | -15.5% | -23.8% |
| 2023 | +30.6% | -72.5% |
| 2024 | -1.7% | -26.2% |
| 2025 | -1.5% | -42.2% |
| 2026 | -1.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and VXX good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GGG and VXX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.27 over the last year and -0.48 over 5 years.
Is VXX a good diversifier for GGG?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ggg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GGG correlations · VXX correlations
