GSBC vs VXX: Correlation
How closely do Great Southern Bancorp, Inc. (GSBC) 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 -0.48, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSBC and VXX?
On 3 years of weekly data the GSBC/VXX correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.25) than the 3-year average (-0.48). The 5-year figure is -0.42, and annualized covariance runs at -732.3 %².
Among the 26 assets we track against GSBC, VXX sits near the bottom by co-movement, at rank #25. Correlation aside, the last 12 months split them widely, with GSBC ahead by 76.4 points (+26.7% versus -49.7%). Risk is not evenly split, since VXX carries 2.5 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.
GSBC vs VXX: side by side
| GSBC (Great Southern Bancorp, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.7% | -49.7% |
| 5-year return | +68.1% | -95.6% |
| Volatility (ann.) | 24.8% | 60.9% |
| Beta vs S&P 500 | 0.62 | -3.31 |
| Max drawdown (3Y) | -23.4% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 2.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBC | VXX |
|---|---|---|
| 2022 | +3.1% | -23.8% |
| 2023 | +2.8% | -72.5% |
| 2024 | +3.5% | -26.2% |
| 2025 | +6.0% | -42.2% |
| 2026 | +29.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBC and VXX good diversifiers for each other?
Yes. With a correlation of -0.48, GSBC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GSBC and VXX?
As of 2026-08-27, the correlation of weekly returns between GSBC and VXX is -0.48 over 3 years, -0.25 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for GSBC?
Yes. With a correlation of -0.48, GSBC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 mean?
On the −1 to +1 scale, -0.48 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/gsbc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gsbc-vs-vxx/)
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Related comparisons
Hubs: GSBC correlations · VXX correlations
