GTEC vs VXX: Correlation
Greenland Technologies Holding Corporation - Class A (GTEC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTEC and VXX?
Over the past 3 years, GTEC and VXX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -1209.8 %².
VXX is close to the least connected end of GTEC's tracked universe, ranking #8 of 10. The trailing year gives GTEC the advantage: -40.8% versus -49.7%, a 8.9-point spread. Risk is not evenly split, since GTEC carries 1.5 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.
GTEC vs VXX: side by side
| GTEC (Greenland Technologies Holding Corporation - Class A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -40.8% | -49.7% |
| 5-year return | -87.4% | -95.6% |
| Volatility (ann.) | 94.1% | 60.9% |
| Beta vs S&P 500 | 1.39 | -3.31 |
| Max drawdown (3Y) | -89.7% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 1.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTEC | VXX |
|---|---|---|
| 2022 | -66.1% | -23.8% |
| 2023 | +28.0% | -72.5% |
| 2024 | -30.5% | -26.2% |
| 2025 | -68.4% | -42.2% |
| 2026 | +37.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTEC and VXX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GTEC and VXX?
The GTEC/VXX correlation stands at -0.21 on a 3-year window (1 year: -0.12, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GTEC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/gtec-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtec-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GTEC correlations · VXX correlations
