CTNM vs VXX: Correlation
How closely do Contineum Therapeutics, Inc. (CTNM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNM and VXX?
On 3 years of weekly data the CTNM/VXX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.29). The 5-year figure is n/a, and annualized covariance runs at -1366.8 %².
VXX is close to the least connected end of CTNM's tracked universe, ranking #14 of 14. The last year tells two different stories: CTNM led by 122.0 percentage points, +72.3% for CTNM against -49.7% for VXX.
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.
CTNM vs VXX: side by side
| CTNM (Contineum Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +72.3% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 72.4% | 60.9% |
| Beta vs S&P 500 | 0.55 | -3.31 |
| Max drawdown (3Y) | -84.4% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNM | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | -22.0% | -42.2% |
| 2026 | +50.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNM and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTNM and VXX?
As of 2026-08-27, the correlation of weekly returns between CTNM and VXX is -0.29 over 3 years, -0.05 over 1 year and n/a over 5 years.
Is VXX a good diversifier for CTNM?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/ctnm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctnm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTNM correlations · VXX correlations
