GPC vs VXZ: Correlation
How closely do Genuine Parts Company (GPC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and VXZ?
Over the past 3 years, GPC and VXZ moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.31 over 3. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -249.6 %².
Among the 36 assets we track against GPC, VXZ sits near the bottom by co-movement, at rank #33. The last year tells two different stories: GPC led by 17.4 percentage points, +1.3% for GPC against -16.1% for VXZ.
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 VXZ: side by side
| GPC (Genuine Parts Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.3% | -16.1% |
| 5-year return | +27.6% | -53.1% |
| Volatility (ann.) | 31.9% | 25.6% |
| Beta vs S&P 500 | 0.66 | -1.31 |
| Max drawdown (3Y) | -39.7% | -36.4% |
| Market cap | $18.8B | – |
| P/E (trailing) | 546.8 | – |
| Dividend yield | 3.00% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GPC | VXZ |
|---|---|---|
| 2022 | +26.8% | +0.5% |
| 2023 | -18.1% | -44.0% |
| 2024 | -13.2% | -12.7% |
| 2025 | +8.7% | +5.7% |
| 2026 | +13.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and VXZ good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GPC and VXZ?
The GPC/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.29, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for GPC?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/gpc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPC correlations · VXZ correlations
