ADMA vs VXZ: Correlation
How closely do ADMA Biologics Inc (ADMA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADMA and VXZ?
On 3 years of weekly data the ADMA/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.30 over 3. The 5-year figure is -0.21, and annualized covariance runs at -461.4 %².
VXZ is close to the least connected end of ADMA's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 28.9 percentage points (-45.0% for ADMA against -16.1% for VXZ). Note the risk asymmetry: ADMA runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADMA vs VXZ: side by side
| ADMA (ADMA Biologics Inc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -45.0% | -16.1% |
| 5-year return | +612.8% | -53.1% |
| Volatility (ann.) | 59.2% | 25.6% |
| Beta vs S&P 500 | 1.12 | -1.31 |
| Max drawdown (3Y) | -69.0% | -36.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | 13.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADMA | VXZ |
|---|---|---|
| 2022 | +175.2% | +0.5% |
| 2023 | +16.5% | -44.0% |
| 2024 | +279.4% | -12.7% |
| 2025 | +6.4% | +5.7% |
| 2026 | -48.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADMA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADMA and VXZ?
As of 2026-08-27, the correlation of weekly returns between ADMA and VXZ is -0.30 over 3 years, -0.31 over 1 year and -0.21 over 5 years.
Is VXZ a good diversifier for ADMA?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/adma-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adma-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADMA correlations · VXZ correlations
