GIII vs VXX: Correlation
G-III Apparel Group, LTD. (GIII) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and VXX?
Over the past 3 years, GIII and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -599.5 %².
VXX is close to the least connected end of GIII's tracked universe, ranking #12 of 14. The last year tells two different stories: GIII led by 74.4 percentage points, +24.7% for GIII against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.5 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.
GIII vs VXX: side by side
| GIII (G-III Apparel Group, LTD.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.7% | -49.7% |
| 5-year return | +8.5% | -95.6% |
| Volatility (ann.) | 39.5% | 60.9% |
| Beta vs S&P 500 | 0.53 | -3.31 |
| Max drawdown (3Y) | -43.1% | -83.3% |
| Market cap | $1.4B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 0.60% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIII | VXX |
|---|---|---|
| 2022 | -50.4% | -23.8% |
| 2023 | +147.8% | -72.5% |
| 2024 | -4.0% | -26.2% |
| 2025 | -10.9% | -42.2% |
| 2026 | +15.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIII and VXX?
The GIII/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.33, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GIII?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/giii-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/giii-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIII correlations · VXX correlations
