CRNX vs VXX: Correlation
Crinetics Pharmaceuticals, Inc. (CRNX) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNX and VXX?
On 3 years of weekly data the CRNX/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is -0.25, and annualized covariance runs at -1481.6 %².
VXX is close to the least connected end of CRNX's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with CRNX ahead by 228.8 points (+179.1% versus -49.7%). One caveat on sizing: CRNX is 1.5 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.
CRNX vs VXX: side by side
| CRNX (Crinetics Pharmaceuticals, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +179.1% | -49.7% |
| 5-year return | +269.7% | -95.6% |
| Volatility (ann.) | 91.7% | 60.9% |
| Beta vs S&P 500 | 1.58 | -3.31 |
| Max drawdown (3Y) | -57.9% | -83.3% |
| Market cap | $9.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNX | VXX |
|---|---|---|
| 2022 | -35.6% | -23.8% |
| 2023 | +94.4% | -72.5% |
| 2024 | +43.7% | -26.2% |
| 2025 | -9.0% | -42.2% |
| 2026 | +82.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNX and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, CRNX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRNX and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.19 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for CRNX?
Yes. With a correlation of -0.27, CRNX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/crnx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRNX correlations · VXX correlations
