GPC vs VXX: Correlation
Measured on weekly returns over the past three years, Genuine Parts Company (GPC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and VXX?
On 3 years of weekly data the GPC/VXX correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.24). The 5-year figure is -0.30, and annualized covariance runs at -467.0 %².
Within GPC's tracked universe of 36 assets, VXX comes in at #29 by 3-year correlation. The last year tells two different stories: GPC led by 51.0 percentage points, +1.3% for GPC against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GPC vs VXX: side by side
| GPC (Genuine Parts Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.3% | -49.7% |
| 5-year return | +27.6% | -95.6% |
| Volatility (ann.) | 31.9% | 60.9% |
| Beta vs S&P 500 | 0.66 | -3.31 |
| Max drawdown (3Y) | -39.7% | -83.3% |
| Market cap | $18.8B | – |
| P/E (trailing) | 546.8 | – |
| Dividend yield | 3.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GPC | VXX |
|---|---|---|
| 2022 | +26.8% | -23.8% |
| 2023 | -18.1% | -72.5% |
| 2024 | -13.2% | -26.2% |
| 2025 | +8.7% | -42.2% |
| 2026 | +13.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between GPC and VXX?
As of 2026-08-27, the correlation of weekly returns between GPC and VXX is -0.24 over 3 years, -0.11 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for GPC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/gpc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPC correlations · VXX correlations
