CRBU vs VXZ: Correlation
Caribou Biosciences, Inc. (CRBU) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBU and VXZ?
Across a 3-year window, the weekly returns of CRBU and VXZ correlate at -0.33, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.33 over 3. Stretching to 5 years gives -0.32, with an annualized covariance of -682.7 %².
Out of 17 assets tracked against CRBU, VXZ lands near the bottom at #15. Their 12-month results are close: -16.2% for CRBU against -16.1% for VXZ. One caveat on sizing: CRBU is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRBU vs VXZ: side by side
| CRBU (Caribou Biosciences, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -16.2% | -16.1% |
| 5-year return | -93.2% | -53.1% |
| Volatility (ann.) | 80.5% | 25.6% |
| Beta vs S&P 500 | 2.52 | -1.31 |
| Max drawdown (3Y) | -91.1% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBU | VXZ |
|---|---|---|
| 2022 | -58.4% | +0.5% |
| 2023 | -8.8% | -44.0% |
| 2024 | -72.3% | -12.7% |
| 2025 | +0.0% | +5.7% |
| 2026 | +4.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBU and VXZ good diversifiers for each other?
Yes. With a correlation of -0.33, CRBU and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRBU and VXZ?
As of 2026-08-27, the correlation of weekly returns between CRBU and VXZ is -0.33 over 3 years, -0.28 over 1 year and -0.32 over 5 years.
Is VXZ a good diversifier for CRBU?
Yes. With a correlation of -0.33, CRBU and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/crbu-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crbu-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRBU correlations · VXZ correlations
