CRSP vs VXZ: Correlation
Measured on weekly returns over the past three years, CRISPR Therapeutics AG (CRSP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and VXZ?
On 3 years of weekly data the CRSP/VXZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.43 lands near the 3-year figure. The 5-year figure is -0.34, and annualized covariance runs at -557.6 %².
Among the 19 assets we track against CRSP, VXZ sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months CRSP outperformed by 27.0 percentage points (+10.9% for CRSP against -16.1% for VXZ). Note the risk asymmetry: CRSP runs 2.3 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.
CRSP vs VXZ: side by side
| CRSP (CRISPR Therapeutics AG) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.9% | -16.1% |
| 5-year return | -50.8% | -53.1% |
| Volatility (ann.) | 58.5% | 25.6% |
| Beta vs S&P 500 | 2.10 | -1.31 |
| Max drawdown (3Y) | -64.9% | -36.4% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSP | VXZ |
|---|---|---|
| 2022 | -46.4% | +0.5% |
| 2023 | +54.0% | -44.0% |
| 2024 | -37.1% | -12.7% |
| 2025 | +33.2% | +5.7% |
| 2026 | +13.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and VXZ good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRSP and VXZ?
The CRSP/VXZ correlation stands at -0.37 on a 3-year window (1 year: -0.43, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CRSP?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
A reading of -0.37 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/crsp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crsp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRSP correlations · VXZ correlations
