GPRO vs VXX: Correlation
How closely do GoPro, Inc. (GPRO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRO and VXX?
Across a 3-year window, the weekly returns of GPRO and VXX correlate at -0.40, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.43) sits close to the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -2361.5 %².
VXX is close to the least connected end of GPRO's tracked universe, ranking #15 of 15. Over the last 12 months VXX came out ahead by 14.7 percentage points (-64.4% against -49.7%). Note the risk asymmetry: GPRO runs 1.6 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.
GPRO vs VXX: side by side
| GPRO (GoPro, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -64.4% | -49.7% |
| 5-year return | -93.9% | -95.6% |
| Volatility (ann.) | 96.8% | 60.9% |
| Beta vs S&P 500 | 2.84 | -3.31 |
| Max drawdown (3Y) | -87.2% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRO | VXX |
|---|---|---|
| 2022 | -51.7% | -23.8% |
| 2023 | -30.3% | -72.5% |
| 2024 | -68.6% | -26.2% |
| 2025 | +29.4% | -42.2% |
| 2026 | -57.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between GPRO and VXX?
The GPRO/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.43, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GPRO?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/gpro-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpro-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPRO correlations · VXX correlations
