CGTX vs VXX: Correlation
Cognition Therapeutics, Inc. (CGTX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGTX and VXX?
Across a 3-year window, the weekly returns of CGTX and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives -0.32, with an annualized covariance of -2634.3 %².
Out of 11 assets tracked against CGTX, VXX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with VXX ahead by 15.7 points (-65.4% versus -49.7%). Risk is not evenly split, since CGTX carries 2.2 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.
CGTX vs VXX: side by side
| CGTX (Cognition Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -65.4% | -49.7% |
| 5-year return | -91.7% | -95.6% |
| Volatility (ann.) | 134.0% | 60.9% |
| Beta vs S&P 500 | 2.37 | -3.31 |
| Max drawdown (3Y) | -90.9% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGTX | VXX |
|---|---|---|
| 2022 | -66.8% | -23.8% |
| 2023 | -11.9% | -72.5% |
| 2024 | -62.1% | -26.2% |
| 2025 | +92.6% | -42.2% |
| 2026 | -21.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGTX and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, CGTX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CGTX and VXX?
As of 2026-08-27, the correlation of weekly returns between CGTX and VXX is -0.32 over 3 years, -0.28 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for CGTX?
Yes. With a correlation of -0.32, CGTX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/cgtx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgtx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGTX correlations · VXX correlations
