GPOR vs VXX: Correlation
Gulfport Energy Corporation (GPOR) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPOR and VXX?
Over the past 3 years, GPOR and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.31). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -621.8 %².
Among the 14 assets we track against GPOR, VXX sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months GPOR outperformed by 51.8 percentage points (+2.1% for GPOR 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.
GPOR vs VXX: side by side
| GPOR (Gulfport Energy Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.1% | -49.7% |
| 5-year return | +166.3% | -95.6% |
| Volatility (ann.) | 32.5% | 60.9% |
| Beta vs S&P 500 | 0.51 | -3.31 |
| Max drawdown (3Y) | -32.5% | -83.3% |
| Market cap | $3.1B | – |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPOR | VXX |
|---|---|---|
| 2022 | +2.2% | -23.8% |
| 2023 | +80.9% | -72.5% |
| 2024 | +38.3% | -26.2% |
| 2025 | +12.9% | -42.2% |
| 2026 | -15.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPOR and VXX 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 GPOR and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with 0.06 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for GPOR?
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?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gpor-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpor-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPOR correlations · VXX correlations
