GLPI vs VXX: Correlation
How closely do Gaming and Leisure Properties, Inc. (GLPI) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLPI and VXX?
Over the past 3 years, GLPI and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.28 over 3 years. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -289.9 %².
Among the 12 assets we track against GLPI, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: GLPI led by 44.2 percentage points, -5.5% for GLPI against -49.7% for VXX. Risk is not evenly split, since VXX carries 3.6 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.
GLPI vs VXX: side by side
| GLPI (Gaming and Leisure Properties, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.5% | -49.7% |
| 5-year return | +19.9% | -95.6% |
| Volatility (ann.) | 17.1% | 60.9% |
| Beta vs S&P 500 | 0.29 | -3.31 |
| Max drawdown (3Y) | -14.9% | -83.3% |
| Market cap | $12.7B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 7.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLPI | VXX |
|---|---|---|
| 2022 | +13.5% | -23.8% |
| 2023 | +0.9% | -72.5% |
| 2024 | +3.9% | -26.2% |
| 2025 | -0.8% | -42.2% |
| 2026 | -2.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLPI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between GLPI and VXX?
As of 2026-08-27, the correlation of weekly returns between GLPI and VXX is -0.28 over 3 years, -0.15 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for GLPI?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
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/glpi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glpi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLPI correlations · VXX correlations
