ANNX vs VXX: Correlation
Annexon, Inc. (ANNX) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNX and VXX?
Across a 3-year window, the weekly returns of ANNX and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.26). Stretching to 5 years gives -0.23, with an annualized covariance of -1467.1 %².
Out of 13 assets tracked against ANNX, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ANNX outperformed by 198.5 percentage points (+148.8% for ANNX against -49.7% for VXX). Risk is not evenly split, since ANNX carries 1.5 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.
ANNX vs VXX: side by side
| ANNX (Annexon, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +148.8% | -49.7% |
| 5-year return | -68.9% | -95.6% |
| Volatility (ann.) | 92.8% | 60.9% |
| Beta vs S&P 500 | 1.72 | -3.31 |
| Max drawdown (3Y) | -82.3% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNX | VXX |
|---|---|---|
| 2022 | -55.0% | -23.8% |
| 2023 | -12.2% | -72.5% |
| 2024 | +13.0% | -26.2% |
| 2025 | -2.1% | -42.2% |
| 2026 | +4.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNX and VXX good diversifiers for each other?
Yes. With a correlation of -0.26, ANNX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNX and VXX?
As of 2026-08-27, the correlation of weekly returns between ANNX and VXX is -0.26 over 3 years, -0.08 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for ANNX?
Yes. With a correlation of -0.26, ANNX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/annx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/annx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNX correlations · VXX correlations
