GNRC vs VXX: Correlation
How closely do Generac (GNRC) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNRC and VXX?
On 3 years of weekly data the GNRC/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.18) runs above the 3-year figure (-0.38). The 5-year figure is -0.34, and annualized covariance runs at -1054.9 %².
VXX is close to the least connected end of GNRC's tracked universe, ranking #34 of 35. The last year tells two different stories: GNRC led by 55.2 percentage points, +5.5% for GNRC 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.
GNRC vs VXX: side by side
| GNRC (Generac) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.5% | -49.7% |
| 5-year return | -55.4% | -95.6% |
| Volatility (ann.) | 46.1% | 60.9% |
| Beta vs S&P 500 | 1.35 | -3.31 |
| Max drawdown (3Y) | -47.8% | -83.3% |
| Market cap | $11.6B | – |
| P/E (trailing) | 47.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GNRC | VXX |
|---|---|---|
| 2022 | -71.4% | -23.8% |
| 2023 | +28.4% | -72.5% |
| 2024 | +20.0% | -26.2% |
| 2025 | -12.0% | -42.2% |
| 2026 | +44.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GNRC and VXX?
As of 2026-08-27, the correlation of weekly returns between GNRC and VXX is -0.38 over 3 years, -0.18 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for GNRC?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 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/gnrc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gnrc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNRC correlations · VXX correlations
