AVBP vs VXZ: Correlation
ArriVent BioPharma, Inc. (AVBP) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and VXZ?
Over the past 3 years, AVBP and VXZ moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.24 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -318.0 %².
VXZ is close to the least connected end of AVBP's tracked universe, ranking #16 of 17. Correlation aside, the last 12 months split them widely, with AVBP ahead by 77.5 points (+61.4% versus -16.1%). Risk is not evenly split, since AVBP carries 2.1 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.
AVBP vs VXZ: side by side
| AVBP (ArriVent BioPharma, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +61.4% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 52.7% | 25.6% |
| Beta vs S&P 500 | 1.06 | -1.31 |
| Max drawdown (3Y) | -54.3% | -36.4% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | -24.5% | +5.7% |
| 2026 | +54.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP 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 AVBP and VXZ?
As of 2026-08-27, the correlation of weekly returns between AVBP and VXZ is -0.24 over 3 years, -0.30 over 1 year and n/a over 5 years.
Is VXZ a good diversifier for AVBP?
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/avbp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avbp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVBP correlations · VXZ correlations
