GPRO vs XRX: Correlation
GoPro, Inc. (GPRO) and Xerox Holdings Corporation (XRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRO and XRX?
Over the past 3 years, GPRO and XRX moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 3514.6 %².
By 3-year correlation, XRX places #4 of the 15 assets tracked against GPRO. Correlation aside, the last 12 months split them widely, with XRX ahead by 44.4 points (-64.4% versus -20.0%).
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 XRX: side by side
| GPRO (GoPro, Inc.) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | -64.4% | -20.0% |
| 5-year return | -93.9% | -81.9% |
| Volatility (ann.) | 96.8% | 77.4% |
| Beta vs S&P 500 | 2.84 | 2.12 |
| Max drawdown (3Y) | -87.2% | -92.7% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRO | XRX |
|---|---|---|
| 2022 | -51.7% | -31.3% |
| 2023 | -30.3% | +33.8% |
| 2024 | -68.6% | -49.8% |
| 2025 | +29.4% | -70.6% |
| 2026 | -57.1% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRO and XRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GPRO and XRX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.51 over the last year and 0.47 over 5 years.
Is XRX a good diversifier for GPRO?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: GPRO correlations · XRX correlations
