CRIS vs VXZ: Correlation
Curis, Inc. (CRIS) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRIS and VXZ?
Over the past 3 years, CRIS and VXZ moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -795.1 %².
Among the 15 assets we track against CRIS, VXZ sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 79.3 percentage points (-95.4% for CRIS against -16.1% for VXZ). Risk is not evenly split, since CRIS carries 4.1 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.
CRIS vs VXZ: side by side
| CRIS (Curis, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -95.4% | -16.1% |
| 5-year return | -100.0% | -53.1% |
| Volatility (ann.) | 104.6% | 25.6% |
| Beta vs S&P 500 | 2.80 | -1.31 |
| Max drawdown (3Y) | -99.6% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 0.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRIS | VXZ |
|---|---|---|
| 2022 | -88.4% | +0.5% |
| 2023 | +15.9% | -44.0% |
| 2024 | -76.0% | -12.7% |
| 2025 | -67.6% | +5.7% |
| 2026 | -92.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRIS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, CRIS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRIS and VXZ?
As of 2026-08-27, the correlation of weekly returns between CRIS and VXZ is -0.30 over 3 years, -0.25 over 1 year and -0.30 over 5 years.
Is VXZ a good diversifier for CRIS?
Yes. With a correlation of -0.30, CRIS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cris-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cris-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRIS correlations · VXZ correlations
