AXSM vs VXZ: Correlation
How closely do Axsome Therapeutics, Inc. (AXSM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXSM and VXZ?
Across a 3-year window, the weekly returns of AXSM and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.30). Stretching to 5 years gives -0.19, with an annualized covariance of -307.4 %².
Among the 12 assets we track against AXSM, VXZ sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with AXSM ahead by 85.4 points (+69.3% versus -16.1%). Risk is not evenly split, since AXSM 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.
AXSM vs VXZ: side by side
| AXSM (Axsome Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +69.3% | -16.1% |
| 5-year return | +746.1% | -53.1% |
| Volatility (ann.) | 39.4% | 25.6% |
| Beta vs S&P 500 | 0.82 | -1.31 |
| Max drawdown (3Y) | -32.7% | -36.4% |
| Market cap | $10.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXSM | VXZ |
|---|---|---|
| 2022 | +104.2% | +0.5% |
| 2023 | +3.2% | -44.0% |
| 2024 | +6.3% | -12.7% |
| 2025 | +115.9% | +5.7% |
| 2026 | +12.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXSM and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between AXSM and VXZ?
The AXSM/VXZ correlation stands at -0.30 on a 3-year window (1 year: -0.06, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AXSM?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/axsm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axsm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXSM correlations · VXZ correlations
