LOPE vs VXX: Correlation
How closely do Grand Canyon Education, Inc. (LOPE) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOPE and VXX?
Across a 3-year window, the weekly returns of LOPE and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.34). Stretching to 5 years gives -0.33, with an annualized covariance of -663.6 %².
Out of 17 assets tracked against LOPE, VXX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with LOPE ahead by 23.5 points (-26.2% versus -49.7%). Risk is not evenly split, since VXX carries 1.9 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.
LOPE vs VXX: side by side
| LOPE (Grand Canyon Education, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -26.2% | -49.7% |
| 5-year return | +69.3% | -95.6% |
| Volatility (ann.) | 32.2% | 60.9% |
| Beta vs S&P 500 | 0.86 | -3.31 |
| Max drawdown (3Y) | -38.0% | -83.3% |
| Market cap | $3.9B | – |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOPE | VXX |
|---|---|---|
| 2022 | +23.3% | -23.8% |
| 2023 | +25.0% | -72.5% |
| 2024 | +24.1% | -26.2% |
| 2025 | +1.5% | -42.2% |
| 2026 | -9.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOPE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between LOPE and VXX?
As of 2026-08-27, the correlation of weekly returns between LOPE and VXX is -0.34 over 3 years, -0.15 over 1 year and -0.33 over 5 years.
Is VXX a good diversifier for LOPE?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/lope-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lope-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOPE correlations · VXX correlations
