GNTX vs VXX: Correlation
Gentex Corporation (GNTX) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNTX and VXX?
Over the past 3 years, GNTX and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.33 over 3 years. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -502.2 %².
Among the 12 assets we track against GNTX, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with GNTX ahead by 32.5 points (-17.2% versus -49.7%). One caveat on sizing: VXX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GNTX vs VXX: side by side
| GNTX (Gentex Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.2% | -49.7% |
| 5-year return | -18.8% | -95.6% |
| Volatility (ann.) | 24.9% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -43.0% | -83.3% |
| Market cap | $4.9B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNTX | VXX |
|---|---|---|
| 2022 | -20.4% | -23.8% |
| 2023 | +21.8% | -72.5% |
| 2024 | -10.7% | -26.2% |
| 2025 | -17.4% | -42.2% |
| 2026 | +0.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNTX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between GNTX and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.16 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for GNTX?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
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/gntx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gntx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNTX correlations · VXX correlations
