GPOR vs VXZ: Correlation
Measured on weekly returns over the past three years, Gulfport Energy Corporation (GPOR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPOR and VXZ?
Across a 3-year window, the weekly returns of GPOR and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.30). Stretching to 5 years gives -0.23, with an annualized covariance of -251.0 %².
Out of 14 assets tracked against GPOR, VXZ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with GPOR ahead by 18.2 points (+2.1% versus -16.1%).
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 VXZ: side by side
| GPOR (Gulfport Energy Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.1% | -16.1% |
| 5-year return | +166.3% | -53.1% |
| Volatility (ann.) | 32.5% | 25.6% |
| Beta vs S&P 500 | 0.51 | -1.31 |
| Max drawdown (3Y) | -32.5% | -36.4% |
| Market cap | $3.1B | – |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPOR | VXZ |
|---|---|---|
| 2022 | +2.2% | +0.5% |
| 2023 | +80.9% | -44.0% |
| 2024 | +38.3% | -12.7% |
| 2025 | +12.9% | +5.7% |
| 2026 | -15.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPOR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between GPOR and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with 0.01 over the last year and -0.23 over 5 years.
Is VXZ a good diversifier for GPOR?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/gpor-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpor-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPOR correlations · VXZ correlations
