CLPT vs VXZ: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and VXZ?
Across a 3-year window, the weekly returns of CLPT and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.29, with an annualized covariance of -627.5 %².
Out of 19 assets tracked against CLPT, VXZ lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months CLPT outperformed by 65.9 percentage points (+49.8% for CLPT against -16.1% for VXZ). Note the risk asymmetry: CLPT runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLPT vs VXZ: side by side
| CLPT (ClearPoint Neuro Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.8% | -16.1% |
| 5-year return | -12.5% | -53.1% |
| Volatility (ann.) | 91.6% | 25.6% |
| Beta vs S&P 500 | 1.76 | -1.31 |
| Max drawdown (3Y) | -70.7% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | VXZ |
|---|---|---|
| 2022 | -24.5% | +0.5% |
| 2023 | -19.8% | -44.0% |
| 2024 | +126.5% | -12.7% |
| 2025 | -11.1% | +5.7% |
| 2026 | +16.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLPT and VXZ?
The CLPT/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.29, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CLPT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/clpt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clpt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLPT correlations · VXZ correlations
