GLNG vs VXX: Correlation
How closely do Golar LNG Limited (GLNG) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLNG and VXX?
Across a 3-year window, the weekly returns of GLNG and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.19) than the 3-year average (-0.29). Stretching to 5 years gives -0.25, with an annualized covariance of -660.0 %².
Among the 12 assets we track against GLNG, VXX sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months GLNG outperformed by 67.4 percentage points (+17.7% for GLNG against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.6 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.
GLNG vs VXX: side by side
| GLNG (Golar LNG Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.7% | -49.7% |
| 5-year return | +415.5% | -95.6% |
| Volatility (ann.) | 37.5% | 60.9% |
| Beta vs S&P 500 | 0.88 | -3.31 |
| Max drawdown (3Y) | -29.4% | -83.3% |
| Market cap | $5.3B | – |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 1.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLNG | VXX |
|---|---|---|
| 2022 | +83.9% | -23.8% |
| 2023 | +4.4% | -72.5% |
| 2024 | +90.8% | -26.2% |
| 2025 | -9.7% | -42.2% |
| 2026 | +40.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLNG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between GLNG and VXX?
The GLNG/VXX correlation stands at -0.29 on a 3-year window (1 year: 0.19, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GLNG?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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/glng-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glng-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLNG correlations · VXX correlations
