GOSS vs VXX: Correlation
Measured on weekly returns over the past three years, Gossamer Bio, Inc. (GOSS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOSS and VXX?
Across a 3-year window, the weekly returns of GOSS and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives -0.25, with an annualized covariance of -1624.4 %².
VXX is close to the least connected end of GOSS's tracked universe, ranking #9 of 11. The last year tells two different stories: VXX led by 43.4 percentage points, -93.1% for GOSS against -49.7% for VXX. One caveat on sizing: GOSS is 1.8 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.
GOSS vs VXX: side by side
| GOSS (Gossamer Bio, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -93.1% | -49.7% |
| 5-year return | -98.3% | -95.6% |
| Volatility (ann.) | 106.7% | 60.9% |
| Beta vs S&P 500 | 1.89 | -3.31 |
| Max drawdown (3Y) | -96.4% | -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 | GOSS | VXX |
|---|---|---|
| 2022 | -80.8% | -23.8% |
| 2023 | -57.9% | -72.5% |
| 2024 | -0.9% | -26.2% |
| 2025 | +242.5% | -42.2% |
| 2026 | -94.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOSS and VXX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GOSS and VXX?
The GOSS/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.18, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GOSS?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/goss-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goss-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOSS correlations · VXX correlations
