GRRR vs VXX: Correlation
Measured on weekly returns over the past three years, Gorilla Technology Group Inc. (GRRR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRRR and VXX?
On 3 years of weekly data the GRRR/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.28 over 3. The 5-year figure is -0.12, and annualized covariance runs at -1981.3 %².
Out of 12 assets tracked against GRRR, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months GRRR outperformed by 46.6 percentage points (-3.1% for GRRR against -49.7% for VXX). One caveat on sizing: GRRR is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GRRR vs VXX: side by side
| GRRR (Gorilla Technology Group Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.1% | -49.7% |
| 5-year return | -84.2% | -95.6% |
| Volatility (ann.) | 116.9% | 60.9% |
| Beta vs S&P 500 | 1.92 | -3.31 |
| Max drawdown (3Y) | -85.8% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRRR | VXX |
|---|---|---|
| 2022 | -18.9% | -23.8% |
| 2023 | -93.4% | -72.5% |
| 2024 | +235.1% | -26.2% |
| 2025 | -39.5% | -42.2% |
| 2026 | +43.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRRR and VXX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GRRR and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.28 over the last year and -0.12 over 5 years.
Is VXX a good diversifier for GRRR?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/grrr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grrr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRRR correlations · VXX correlations
