GLAS vs VXX: Correlation
Glass House Brands Inc. Subordinate Voting Shares (GLAS) 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 -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAS and VXX?
On 3 years of weekly data the GLAS/VXX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.20 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -753.5 %².
VXX is close to the least connected end of GLAS's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with GLAS ahead by 68.4 points (+18.7% versus -49.7%).
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.
GLAS vs VXX: side by side
| GLAS (Glass House Brands Inc. Subordinate Voting Shares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +18.7% | -49.7% |
| 5-year return | +124.8% | -95.6% |
| Volatility (ann.) | 62.8% | 60.9% |
| Beta vs S&P 500 | 0.87 | -3.31 |
| Max drawdown (3Y) | -61.4% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAS | VXX |
|---|---|---|
| 2022 | -50.2% | -23.8% |
| 2023 | +147.6% | -72.5% |
| 2024 | +22.6% | -26.2% |
| 2025 | +52.6% | -42.2% |
| 2026 | +10.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between GLAS and VXX?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.02 over the last year and -0.17 over 5 years.
Is VXX a good diversifier for GLAS?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/glas-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glas-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLAS correlations · VXX correlations
