GTIM vs VXX: Correlation
Measured on weekly returns over the past three years, Good Times Restaurants Inc. (GTIM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTIM and VXX?
Over the past 3 years, GTIM and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -794.1 %².
VXX is close to the least connected end of GTIM's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months GTIM outperformed by 37.4 percentage points (-12.3% for GTIM against -49.7% for VXX).
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.
GTIM vs VXX: side by side
| GTIM (Good Times Restaurants Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.3% | -49.7% |
| 5-year return | -71.4% | -95.6% |
| Volatility (ann.) | 41.7% | 60.9% |
| Beta vs S&P 500 | 0.69 | -3.31 |
| Max drawdown (3Y) | -65.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 7.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTIM | VXX |
|---|---|---|
| 2022 | -48.4% | -23.8% |
| 2023 | +13.4% | -72.5% |
| 2024 | +2.0% | -26.2% |
| 2025 | -53.3% | -42.2% |
| 2026 | +24.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTIM and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GTIM and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.31 over the last year and -0.30 over 5 years.
Is VXX a good diversifier for GTIM?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/gtim-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtim-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GTIM correlations · VXX correlations
