BEAM vs VXZ: Correlation
Measured on weekly returns over the past three years, Beam Therapeutics Inc. (BEAM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and VXZ?
On 3 years of weekly data the BEAM/VXZ correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.50) sits close to the 3-year figure. The 5-year figure is -0.40, and annualized covariance runs at -775.5 %².
Out of 20 assets tracked against BEAM, VXZ lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months BEAM outperformed by 96.9 percentage points (+80.8% for BEAM against -16.1% for VXZ). Risk is not evenly split, since BEAM carries 2.8 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.
BEAM vs VXZ: side by side
| BEAM (Beam Therapeutics Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +80.8% | -16.1% |
| 5-year return | -71.5% | -53.1% |
| Volatility (ann.) | 72.6% | 25.6% |
| Beta vs S&P 500 | 2.39 | -1.31 |
| Max drawdown (3Y) | -67.7% | -36.4% |
| Market cap | $3.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAM | VXZ |
|---|---|---|
| 2022 | -50.9% | +0.5% |
| 2023 | -30.4% | -44.0% |
| 2024 | -8.9% | -12.7% |
| 2025 | +11.8% | +5.7% |
| 2026 | +10.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and VXZ good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BEAM and VXZ?
The BEAM/VXZ correlation stands at -0.42 on a 3-year window (1 year: -0.50, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for BEAM?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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/beam-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beam-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEAM correlations · VXZ correlations
