AXGN vs VSXY: Correlation
How closely do Axogen, Inc. (AXGN) and Victorias Secret & Co. (VSXY) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXGN and VSXY?
Over the past 3 years, AXGN and VSXY moved with a correlation of 0.38, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1789.5 %².
Few assets follow AXGN as closely as VSXY, which ranks #2 of 14 tracked partners. The last year tells two different stories: VSXY led by 73.3 percentage points, +220.5% for AXGN against +293.8% for VSXY.
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.
AXGN vs VSXY: side by side
| AXGN (Axogen, Inc.) | VSXY (Victorias Secret & Co.) | |
|---|---|---|
| 1-year return | +220.5% | +293.8% |
| 5-year return | +213.9% | +34.1% |
| Volatility (ann.) | 63.3% | 74.0% |
| Beta vs S&P 500 | 1.11 | 1.73 |
| Max drawdown (3Y) | -53.8% | -69.5% |
| Market cap | $2.8B | $7.1B |
| P/E (trailing) | – | 35.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXGN | VSXY |
|---|---|---|
| 2022 | +6.5% | -35.6% |
| 2023 | -31.6% | -25.8% |
| 2024 | +141.3% | +56.1% |
| 2025 | +98.6% | +30.8% |
| 2026 | +58.1% | +65.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXGN and VSXY good diversifiers for each other?
Reasonably. At 0.38, AXGN and VSXY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AXGN and VSXY?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.35 over the last year and 0.31 over 5 years.
Is VSXY a good diversifier for AXGN?
Reasonably. At 0.38, AXGN and VSXY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axgn-vs-vsxy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axgn-vs-vsxy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXGN correlations · VSXY correlations
