GTM vs VXX: Correlation
ZoomInfo Technologies Inc. (GTM) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTM and VXX?
Across a 3-year window, the weekly returns of GTM and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.30 over 3 years. Stretching to 5 years gives -0.34, with an annualized covariance of -1027.9 %².
VXX is close to the least connected end of GTM's tracked universe, ranking #12 of 14. On 12-month performance VXX holds a 12.3-point edge, -62.0% against -49.7%.
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.
GTM vs VXX: side by side
| GTM (ZoomInfo Technologies Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -62.0% | -49.7% |
| 5-year return | -93.6% | -95.6% |
| Volatility (ann.) | 55.9% | 60.9% |
| Beta vs S&P 500 | 1.57 | -3.31 |
| Max drawdown (3Y) | -86.2% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTM | VXX |
|---|---|---|
| 2022 | -53.1% | -23.8% |
| 2023 | -38.6% | -72.5% |
| 2024 | -43.2% | -26.2% |
| 2025 | -3.2% | -42.2% |
| 2026 | -59.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTM and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GTM and VXX?
The GTM/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.19, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for GTM?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/gtm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GTM correlations · VXX correlations
