GNSS vs VXX: Correlation
Measured on weekly returns over the past three years, Genasys Inc. (GNSS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNSS and VXX?
On 3 years of weekly data the GNSS/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. The 5-year figure is -0.34, and annualized covariance runs at -1248.9 %².
Among the 11 assets we track against GNSS, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months GNSS outperformed by 30.4 percentage points (-19.3% for GNSS 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.
GNSS vs VXX: side by side
| GNSS (Genasys Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.3% | -49.7% |
| 5-year return | -71.2% | -95.6% |
| Volatility (ann.) | 61.5% | 60.9% |
| Beta vs S&P 500 | 1.53 | -3.31 |
| Max drawdown (3Y) | -63.2% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNSS | VXX |
|---|---|---|
| 2022 | -7.0% | -23.8% |
| 2023 | -45.1% | -72.5% |
| 2024 | +28.1% | -26.2% |
| 2025 | -17.3% | -42.2% |
| 2026 | -27.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNSS and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GNSS and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.37 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for GNSS?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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/gnss-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gnss-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNSS correlations · VXX correlations
