GRPN vs VXZ: Correlation
How closely do Groupon, Inc. (GRPN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRPN and VXZ?
Across a 3-year window, the weekly returns of GRPN and VXZ correlate at -0.35, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Stretching to 5 years gives -0.35, with an annualized covariance of -813.4 %².
VXZ is close to the least connected end of GRPN's tracked universe, ranking #11 of 11. On 12-month performance VXZ holds a 9.7-point edge, -25.8% against -16.1%. Risk is not evenly split, since GRPN carries 3.6 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.
GRPN vs VXZ: side by side
| GRPN (Groupon, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.8% | -16.1% |
| 5-year return | -17.9% | -53.1% |
| Volatility (ann.) | 91.7% | 25.6% |
| Beta vs S&P 500 | 1.87 | -1.31 |
| Max drawdown (3Y) | -74.2% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRPN | VXZ |
|---|---|---|
| 2022 | -63.0% | +0.5% |
| 2023 | +49.7% | -44.0% |
| 2024 | -5.4% | -12.7% |
| 2025 | +44.9% | +5.7% |
| 2026 | +10.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRPN and VXZ good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GRPN and VXZ?
As of 2026-08-27, the correlation of weekly returns between GRPN and VXZ is -0.35 over 3 years, -0.37 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for GRPN?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grpn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grpn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRPN correlations · VXZ correlations
