GH vs VXX: Correlation
Guardant Health, Inc. (GH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GH and VXX?
Across a 3-year window, the weekly returns of GH and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.28 over 3 years. Stretching to 5 years gives -0.26, with an annualized covariance of -1112.3 %².
Out of 12 assets tracked against GH, VXX lands near the bottom at #12. The last year tells two different stories: GH led by 215.1 percentage points, +165.4% for GH against -49.7% for VXX.
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.
GH vs VXX: side by side
| GH (Guardant Health, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +165.4% | -49.7% |
| 5-year return | +33.5% | -95.6% |
| Volatility (ann.) | 64.9% | 60.9% |
| Beta vs S&P 500 | 1.44 | -3.31 |
| Max drawdown (3Y) | -59.8% | -83.3% |
| Market cap | $22.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GH | VXX |
|---|---|---|
| 2022 | -72.8% | -23.8% |
| 2023 | -0.6% | -72.5% |
| 2024 | +12.9% | -26.2% |
| 2025 | +234.3% | -42.2% |
| 2026 | +65.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GH and VXX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GH and VXX?
The GH/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.06, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GH?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/gh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GH correlations · VXX correlations
