GPGI vs VXX: Correlation
GPGI, Inc. (GPGI) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPGI and VXX?
Across a 3-year window, the weekly returns of GPGI and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.29 over 3. Stretching to 5 years gives -0.19, with an annualized covariance of -965.5 %².
Out of 13 assets tracked against GPGI, VXX lands near the bottom at #12. The last year tells two different stories: GPGI led by 16.5 percentage points, -33.2% for GPGI 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.
GPGI vs VXX: side by side
| GPGI (GPGI, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -33.2% | -49.7% |
| 5-year return | +66.0% | -95.6% |
| Volatility (ann.) | 53.8% | 60.9% |
| Beta vs S&P 500 | 1.14 | -3.31 |
| Max drawdown (3Y) | -55.7% | -83.3% |
| Market cap | $3.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPGI | VXX |
|---|---|---|
| 2022 | -40.2% | -23.8% |
| 2023 | +10.0% | -72.5% |
| 2024 | +197.3% | -26.2% |
| 2025 | +51.4% | -42.2% |
| 2026 | -31.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPGI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between GPGI and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.29 over the last year and -0.19 over 5 years.
Is VXX a good diversifier for GPGI?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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/gpgi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpgi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPGI correlations · VXX correlations
