ANIP vs VXZ: Correlation
Measured on weekly returns over the past three years, ANI Pharmaceuticals, Inc. (ANIP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIP and VXZ?
Across a 3-year window, the weekly returns of ANIP and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.24). Stretching to 5 years gives -0.25, with an annualized covariance of -211.9 %².
VXZ is close to the least connected end of ANIP's tracked universe, ranking #11 of 11. Their 12-month results are close: -20.0% for ANIP against -16.1% for VXZ.
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.
ANIP vs VXZ: side by side
| ANIP (ANI Pharmaceuticals, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -20.0% | -16.1% |
| 5-year return | +168.3% | -53.1% |
| Volatility (ann.) | 35.1% | 25.6% |
| Beta vs S&P 500 | 0.51 | -1.31 |
| Max drawdown (3Y) | -28.7% | -36.4% |
| Market cap | $1.7B | – |
| P/E (trailing) | 16.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIP | VXZ |
|---|---|---|
| 2022 | -12.7% | +0.5% |
| 2023 | +37.1% | -44.0% |
| 2024 | +0.3% | -12.7% |
| 2025 | +42.8% | +5.7% |
| 2026 | -6.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIP and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANIP and VXZ?
The ANIP/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.36, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ANIP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/anip-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anip-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANIP correlations · VXZ correlations
