ATAI vs VXZ: Correlation
Measured on weekly returns over the past three years, AtaiBeckley Inc. (ATAI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATAI and VXZ?
Across a 3-year window, the weekly returns of ATAI and VXZ correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -536.4 %².
Among the 10 assets we track against ATAI, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with ATAI ahead by 76.9 points (+60.8% versus -16.1%). One caveat on sizing: ATAI is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ATAI vs VXZ: side by side
| ATAI (AtaiBeckley Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +60.8% | -16.1% |
| 5-year return | -53.9% | -53.1% |
| Volatility (ann.) | 85.3% | 25.6% |
| Beta vs S&P 500 | 1.22 | -1.31 |
| Max drawdown (3Y) | -59.2% | -36.4% |
| Market cap | $2.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATAI | VXZ |
|---|---|---|
| 2022 | -65.1% | +0.5% |
| 2023 | -47.0% | -44.0% |
| 2024 | -5.7% | -12.7% |
| 2025 | +207.5% | +5.7% |
| 2026 | +79.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATAI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATAI and VXZ?
The ATAI/VXZ correlation stands at -0.25 on a 3-year window (1 year: -0.19, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ATAI?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/atai-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atai-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATAI correlations · VXZ correlations
