ADPT vs VXZ: Correlation
Adaptive Biotechnologies Corporation (ADPT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADPT and VXZ?
On 3 years of weekly data the ADPT/VXZ correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.28). The 5-year figure is -0.35, and annualized covariance runs at -496.7 %².
Among the 12 assets we track against ADPT, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months ADPT outperformed by 120.0 percentage points (+103.9% for ADPT against -16.1% for VXZ). Risk is not evenly split, since ADPT carries 2.7 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.
ADPT vs VXZ: side by side
| ADPT (Adaptive Biotechnologies Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +103.9% | -16.1% |
| 5-year return | -26.1% | -53.1% |
| Volatility (ann.) | 69.8% | 25.6% |
| Beta vs S&P 500 | 1.40 | -1.31 |
| Max drawdown (3Y) | -65.8% | -36.4% |
| Market cap | $4.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADPT | VXZ |
|---|---|---|
| 2022 | -72.8% | +0.5% |
| 2023 | -35.9% | -44.0% |
| 2024 | +22.3% | -12.7% |
| 2025 | +170.9% | +5.7% |
| 2026 | +62.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADPT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADPT and VXZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.11 over the last year and -0.35 over 5 years.
Is VXZ a good diversifier for ADPT?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/adpt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adpt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADPT correlations · VXZ correlations
