GRC vs VXX: Correlation
Measured on weekly returns over the past three years, Gorman-Rupp Company (The) (GRC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRC and VXX?
Over the past 3 years, GRC and VXX moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.36). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -673.3 %².
Out of 14 assets tracked against GRC, VXX lands near the bottom at #14. The last year tells two different stories: GRC led by 132.1 percentage points, +82.4% for GRC against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.0 times the volatility of the other side.
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.
GRC vs VXX: side by side
| GRC (Gorman-Rupp Company (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +82.4% | -49.7% |
| 5-year return | +143.0% | -95.6% |
| Volatility (ann.) | 30.6% | 60.9% |
| Beta vs S&P 500 | 0.85 | -3.31 |
| Max drawdown (3Y) | -26.9% | -83.3% |
| Market cap | $2.0B | – |
| P/E (trailing) | 32.7 | – |
| Dividend yield | 0.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRC | VXX |
|---|---|---|
| 2022 | -41.2% | -23.8% |
| 2023 | +42.2% | -72.5% |
| 2024 | +8.9% | -26.2% |
| 2025 | +28.2% | -42.2% |
| 2026 | +63.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRC and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GRC and VXX?
The GRC/VXX correlation stands at -0.36 on a 3-year window (1 year: -0.11, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GRC?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/grc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRC correlations · VXX correlations
