COYA vs VXX: Correlation
Coya Therapeutics, Inc. (COYA) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COYA and VXX?
Across a 3-year window, the weekly returns of COYA and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.23, with an annualized covariance of -1037.3 %².
Among the 12 assets we track against COYA, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with COYA ahead by 23.8 points (-25.9% versus -49.7%).
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.
COYA vs VXX: side by side
| COYA (Coya Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.9% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 66.2% | 60.9% |
| Beta vs S&P 500 | 1.33 | -3.31 |
| Max drawdown (3Y) | -62.9% | -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 | COYA | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | +56.4% | -72.5% |
| 2024 | -22.7% | -26.2% |
| 2025 | +1.2% | -42.2% |
| 2026 | -16.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COYA and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COYA and VXX?
As of 2026-08-27, the correlation of weekly returns between COYA and VXX is -0.26 over 3 years, -0.21 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for COYA?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/coya-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coya-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COYA correlations · VXX correlations
